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The NFT market has seen a steady increase in trading volume over the past two weeks, with multiple projects seeing a sharp rise in floor prices

What are whales and KOLs buying?

In the past week, the market related to the Bitcoin ecosystem has continued to be hot. But perhaps some people have not noticed that the NFT market is also gradually rising. According to BlockBeats, since November, whales have successively bought Weirdo Ghost Gang (Little Ghost), Yuga Labs co-founder Gordon Goner returned to the market and bought Squiggle series, World of Women, doodles and other NFT products. All signs show that the NFT market has gradually recovered.

The NFT market has seen a steady increase in trading volume over the past two weeks, with multiple projects seeing a sharp rise in floor prices

According to NFTGO data, Ethereum NFT transaction volume increased by 79.46% in the past month, reaching 208,880 ETH. NFTs traded in USD also increased significantly, with a 102.83% increase in the past month, reaching a volume of US$380 million. Based on the data of the past week, the activity of the NFT market is also constantly refreshing. On November 7, according to Dune data, Ethereum NFT transaction volume exceeded 10,000 ETH, reaching 10,351 ETH, a three-month high.

In addition, on November 8, according to Dune data, Bitcoin NFT transaction volume approached $16 million, setting a record high, which also contributed to the recent rise in the NFT market. On November 6, Nansen reported that as of the week of November 6, NFT sales reached 68,342 ETH, about $129 million.

At the same time, according to BlockBeats' observations, the floor prices of NFTs including Bored Ape Yacht Club and Pudgy Penguins have generally increased in the past half month.

In addition, according to BlockBeats, on November 4, the floor price of "Gemesis" NFT once achieved a 24-hour increase of 108%, and the 24-hour trading volume reached 7.19 ETH. On the same day, the total transaction volume of NFTs issued by Nike's encrypted fashion brand RTFKT achieved a breakthrough of nearly US$1.4 billion.

What are whales and KOLs buying?

According to BlockBeats' observations, the frequent transactions by whales in the past week and the purchases by many community KOLs may have pushed up the NFT market to a certain extent.

Sofa Maker

Lost Miners x45: Co-founder @CryptoVonDoom shared his Sofa Maker NFT product on the social platform on November 13. According to Blur data, the floor price of Sofa Maker is 0.2 ETH.

Squiggle

@GordonGoner (co-founder of Yuga Labs) returned to the market in November and frequently bought many NFT series products, including the Squiggle series NFT products at a price of 36 ETH. The current floor price of Squiggle is 0.47 ETH.

Weirdo Ghost Gang

On November 8, according to Blur data, Christian, co-founder of crypto fund NDV and NFT giant, has established 1,000 bids at the price of 0.5 ETH on the NFT project Weirdo Ghost Gang, with a total value of 500 ETH. According to Blur data, the price of Little Ghost has increased by 30.56% in 7 days, and the price is 0.47 ETH.

On the same day, according to Blur data, NFT whale dingaling also bought 40 little ghosts, and Pudgy Penguins CEO Luca Netz responded that he had bought one little ghost.

World of Women

@GordonGoner shared his purchase of World of Women on November 10, noting, “I started browsing the world of women nft collection when I was looking for items to emulate, not really knowing if I could find one that would make sense for me. Then I saw this. This is a replica of my girlfriend, who sparkles and has been there for me through this entire journey, supporting me, loving me, and putting up with my endless crap. Giving this to her tonight. She has no idea. Does anyone know how to give someone a jpeg romantically?”

According to Blur data, World of Women rose 48.99% in 7 days, with a floor price of 1.03 ETH.

doodles

It is worth noting that @GordonGoner also bought doodles. According to Blur data, Doodles rose 34.32% in 7 days and was quoted at 2.27 ETH.