Solana’s Mimay leads NFTs as Bitcoin and crypto market plunges

Mimany led the daily sales chart of non-fungible tokens (NFTs) on Sunday as the cryptocurrency market capitalization fell below $2 trillion for the first time since February.

According to CryptoSlam data, the Solana-based collection had a daily sales performance of $741,214.

However, the native cryptocurrency of the Solana network, SOL, lost around 30% of its value in the past week, according to CoinGecko data, and Bitcoin fell below $50,000 for the first time since February.

Bitcoin was trading at $54,363 as of 11:30 UTC on Monday.

The cryptocurrency market sell-off came amid a historic stock market crash in Japan, with the Nikkei 225 Index closing down 12.4%, its biggest single-day point loss to date, at 4,451.28 points.

On the Ethereum network, Pudgy Penguins became the second-leading NFT collectible of the day with daily sales of $642,585.

The network’s native cryptocurrency, Ether, was also at the center of the crypto market crash, losing around 20% of its value.

Blockchain data shows that stock trading firm Jump Trading has recently sold its Ether and staked its Ether holdings, with major movements expected over the weekend.

Some industry observers believe that Jump Trading’s activities are a sign that it has decided to shut down its crypto division due to regulatory issues.

Milady Maker, also on the Ethereum blockchain, came in third in the NFT market today, generating $508,647 in sales.

Other notable collections include the CryptoPunks and DogeZuki Collection, which come in fourth and fifth respectively.

CryptoPunks, one of the Ethereum-based pioneers in the NFT space, made $364,400 in daily sales with just 5 transactions, while Solana’s DogeZuki Collection achieved a large transaction volume with a total of 8,407 transactions, bringing daily sales to $358,730.