Mad Lads is one of the few NFT collections that started the month on a Good month, surging by more than 200% to $1.5 million in a week. On the other hand, DMarket is having a bad start to September after an over 60% decline. In this article, we will explore each of these NFTs and their recent performance.
Over 200% Surge for Mad Lads in the First Week of September – 60% Decline for DMarket
Mad Lads started September with an impressive performance, surging by over 200% in just the first week. The collection, which had been relatively quiet in the past months, recorded a sales volume of $1.5 million in this period. According to data from CryptoSlam, there’s over 230% increase in the number of transactions for this NFT collection to over 190. Moreover, the number of buyers rose to 101, representing a 120% increase, while sellers increased to 121.
On the other hand, DMarket is seeing a massive decline in the market, with the number of sales declining by over 60% to $1.1 million in the past week. Furthermore, there’s a 70% reduction in the number of transactions, with buyers and sellers staying at 5,002 and 4,236, respectively.
50% Decline in August, Can September be Better?
Despite the strong start in September, it’s important to remember that Mad Lads faced significant challenges in August. The collection suffered a 50% decline in sales volume, a drop that saw its total sales for the month fall below $6 million. This downturn was accompanied by a decrease in market activity, with the number of transactions falling to 700, and the pool of active buyers and sellers shrinking considerably.
The drop in August was partly due to broader market conditions that affected many NFT collections. However, the early signs in September indicate a potential recovery, with the current momentum suggesting that Mad Lads could surpass its August performance by a wide margin if the trend continues.
Top Mad Lads NFT Sales in the Past Week
The first week of September has also seen some notable sales within the Mad Lads collection. Here are the top three:
Mad Lads #6201
This NFT was sold for a record $16,822.44, which is approximately 127 Solana tokens, making it the highest sale of the week. The rarity of this particular piece and its unique attributes have made it a highly sought-after item within the collection. The seller of this NFT was 3rujjzpuyskuljl5xvgnpctgetaprkbjqsq6mt4nyi5s while the buyer was hzkpo6nndvru7bjj4r2e8qm8s7tytx4yvrqppxtr5mqv.
Mad Lads #6585
Following closely, Mad Lads #6585 fetched $11,587.69. This NFT’s value was boosted by its distinct design and the current market hype surrounding the collection.
Mad Lads #8692
Rounding out the top three is Mad Lads #8692, which sold for $11,553.83, which is over 80 Solana tokens. This sale underscores the growing demand for Mad Lads NFTs and the willingness of collectors to invest in rare pieces. The seller of this NFT was 87xpqgtyudyfwwgs8lxtr7emvrt6iycwvbncpfivocs4 while the buyer was 3uanlysuskqoc3jmegdat58q3jeobvfvt7538bemzbn5.
Conclusion
Mad Lads has made a remarkable recovery in September, surging by over 200% in sales volume in just the first week. While the collection faced a challenging August, the current market momentum suggests that September could be a turning point. The strong performance in the early days of the month, combined with high-profile sales, indicates that the Mad Lads community is still highly active and optimistic about the future.
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.
