Solana Monkey Business is a collection of 5000 unique randomly generated SolanaMonkeys stored on the blockchain. It recently defeated DMarket in daily NFT sales volume, with over $1 million reached in 24 hours. Below, we will examine the recent performance in the market and some of its top-selling NFTs.
DMarket Run Ended As Solana Monkey Business (SMB) Surges Over 70% to $1 Million
There’s a new number 1 NFT collection in the market and it is no longer DMarket, after it suffered a decline, with the daily sales hanging at $600,000. On the other hand, another NFT collection named Solana Monkey Business has taken the first position, after a 70% in one day saw its NFT sales volume increase to $1 million.
According to data from CryptoSlam, DMarket is now the third collection with the most NFT sales in one day, coming behind SMB and Uncategorized Ordinals. Apparently, Uncategorized Ordinals had over 1200% increase in the last 24 hours, growing its NFT sales to over $800,000. Moreover, Bored Ape Yacht Club is behind DMarket with a 120% increase to $580,000. On the other hand, Gods Unchained suffered over 20% decline in the past 24 hours, with the NFT sales reducing to $534,000.
Overview of Solana Monkey Business (SMB) Growth
The Solana Monkey Business has been growing at an amazing pace, with the highest NFT sales in the last 24 hours being worth $6,398.35. The second-highest NFT sale was SMB #2134, which was sold at $5,997.04. In total, there’s been an increase of 19% in the number of transactions within this NFT collection to 191. Moreover, the average hold of this NFT collection has also increased to 4.89 days.
Weekly NFT Performance
The performance of this NFT collection in the past seven days has also been excellent, with over 9% increase and $3.4 million worth of sales. The number of transactions recorded a 70% increase to 689, while the buyers and sellers increased by 74% and 80%, respectively. The only declining metric in the past week is the average hold, which reduced to 2.88 days, suffering a 23% decline.
Solana Monkey Business Monthly Performance
Solana Monkey Business is up there as one of the top NFT collections in the last 30 days, with close to $8 million in sales. Moreover, it also had an 80% increase in NFT transactions, with the number of buyers increasing by over 100% to 701. According to data from CryptoSlam, the top-selling NFT in the last month was SMB #3414, which sold for $15,457.58. The second was the SMB #4775, which sold for $15,423.68.
Conclusion
Solana Monkey Business (SMB) is staging an amazing surge in the NFT market after the sales volume increased by over 70% to $1 million. This recent appreciation in value helped it defeat another NFT collection, DMarket, which had taken the first position for many days. At the time of writing, DMarket is currently in the third position with less than $650,000 in sales. With monthly sales of almost $8 million, SMB will look forward to making more incredible gains in the next weeks.
Cover Image from Microsoft Designer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
