Solana NFTs oppose crypto winter, turn bullish

SNEAK PEEK

  • The top two leading NFT collections currently are Solana and Ethereum.
  • Solana is still flexible as compared to other markets that are facing the winter slowdown.
  • According to Decentrader, Pudgy Penguins is performing decently and beating the downturn.

DeDods and y00ts digital collectives are at the top spots of the NFT collection that’s listed on Solana, according to DappRadar. Also, Magic Eden and OpenSea are the marketplaces that are the pioneers on the network. Talking about the past day, y00ts and LILY collectibles were the most famous collections. 

Co-founder of Placeholder, Chris Burniske, tweeted the present uptrend in sales. 

Sotheby’s digital vertical released Pudgy Penguins’ NFT sale despite the market weakness. Recognizing the collections’ sales volume, the platform said that upon raising $200 million in trade volume, Pudgy Penguins’ brand IP has won hearts, thanks to its cute appearance and positive spirit. 

The auction will also introduce the SBT project, which refers to a non-transferrable token in the ecosystem of Pudgy Penguins

As the consequences of the FTX collapse, Solana is battling against the slowdown. The floor price of Solana’s blue chip NFT has spiked continuously in the last 30 days. In the last 24 hours, the SF NFT Index has increased by 5%.