**NFTs Hit a New Low, But There's a Silver Lining!**

- August saw NFT sales plummet to $374M, the lowest in 2024. 📉

- This is a 76% drop from March's $1.6B high.

- Despite the decline, average NFT sale value jumped 27%, from $39.93 to $50.74.

- Speculative capital is shifting to memecoins, says Calaxy CEO Solo Ceesay.

- Even the priciest CryptoPunk got moved to a new wallet, likely for memecoin investments.

While the market's down, there's still action and optimism in the air! Keep those wallets ready!