NFT Sales Surge 57% in November, Led by CryptoPunks and Bitcoin
NFT sales saw a significant rebound in November, with a 57.8% increase in monthly transactions.
According to CryptoSlam, the total sales for NFTs in November reached $562 million, marking a sharp rise from October’s performance. This uptick represents the highest sales volume since May, when NFTs reached $599 million.
However, this recent growth still lags behind the record high of $1.6 billion in March, which was followed by a prolonged decline. Over the next seven months, sales volumes steadily dropped, reaching their lowest point since 2021.
Among the notable performers in November was the CryptoPunks collection. As the broader crypto market improved, CryptoPunks saw a remarkable surge in its floor price, jumping by 52%. On November 1, the floor price stood at 26.3 ETH, or approximately $94,000. By the end of the month, it had risen to 39.7 ETH, valued at $147,000. This shift contributed to a 392% increase in sales volume for CryptoPunks, which totaled $49 million over the month, with 388 sales transactions—a 213% jump compared to October.
READ MORE: XRP Reaches $100 Billion Market Cap with Major Price Surge
Another collection seeing strong performance was Pudgy Penguins, which saw a 262% increase in monthly sales volume, reaching $16 million. Its floor price also rose by 49%, from 8.7 ETH to 13 ETH (about $48,000).
Ethereum continued to dominate the NFT space, accounting for over $216 million in sales, a 12% increase from October. Meanwhile, Bitcoin recorded the most significant percentage gain, with its NFT sales volume nearly doubling, surging by 99.44% to $186 million. Other blockchains, including Solana, Mythos Chain, Immutable, Polygon, and BNB Chain, collectively generated $162.9 million in NFT sales during the same period.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
