The new Pump dot Fun platform on Solana has made creating tokens as easy as a few clicks and a few bucks, so expect celebs who are interested in a quick buck to keep coming to this platform.
All is quiet on the NFT side, except for top-tier ordinals collections who have bounced hard off of their recent bottoms. Bitcoin Puppets and Nodemonkes in particular saw .1 $BTC swings over the past week and gave us more evidence that the NFT run, whenever it comes, will be dynamic over on Bitcoin.
The broader NFT market found another 2024 low for NFT sales, and a fresh new 30-week low to boot. Last week we saw just $114.92M in sales, a -7.23% decline from the previous week, while sellers, buyers, and transactions saw even larger declines. Average sale price and trade profits are the two bright spots this week, with traders’ losses slowing down thanks to sale prices coming up.