Blue Chip NFTs Tank +10% After Ethereum Fall Back From ATH

The non-fungible token market, led by the Ethereum-based non-fungible token collections, has seen significant plunges this week, marked by a decrease in sales volume and floor price value. In the past seven days, the majority of Ethereum NFT collections have plunged by over 10% in sales volume from the past week. The downturn is linked to a broader crypto market downturn and a cooling of speculative fervor.

Ethereum Pulls Back From ATH

Data compiled by CoinGecko.com, an on-chain crypto market aggregator, shows that Ethereum, the second leading crypto asset by market capitalization, has pulled back from its recent record high. Ethereum exploded last week to an all-time high of $4,960 for the first time since the NFT and crypto market in 2021. The crypto market rally was fueled by the Fed chair Jerome Powell’s recent remarks on reducing interest rates on crypto products.

Unfortunately, the crypto market fire did not last long, causing Ethereum to pull back from its ATH. Ethereum (ETH) has fallen from its August 2025 all-time high of nearly $4,950 due to a wave of profit-taking, high liquidations, and broad market pressures, even amid significant institutional interest. After its initial surge, factors like deleveraging and a flight from risky assets pulled its price back. The other reason why the Ethereum price rally has faded was due to a lack of a clear policy installment.

Crypto and non-fungible token markets have a strong relationship like that of a mother and child. The recent pullback of the Ethereum price from its all-time high has had some effect on the Ethereum-based NFT collections. In the past seven days, many Ethereum-based NFT series have plunged in terms of trading sales volume and floor price value. Below, we have listed the top losers amid the short NFT market downturn.

Blue chip NFTs Sink +10%

Doodles, a non-fungible token collection from the digital artist Burnt Toast featuring a limited set of 10,000 cartoon characters hosted on the Ethereum blockchain network, is one of the NFT collections that has seen a significant impact amid the short NFT meltdown. In the past seven days, the Doodles NFT floor price has plunged by 20% from the past week. Its NFT floor price fell to 0.73 ETH.

Pudgy Penguins, a globally acknowledged non-fungible token collection from the digital assets company Igloo, featuring a fixed set of 8,888 penguin birds created on the Ethereum blockchain network, is another NFT collection that has recorded negative growth amid the recent short NFT market meltdown. In the past seven days, the Pudgy Penguins NFT collection has seen its NFT floor price drop 17% to 10.47 ETH.

Source: Defillama, Top NFT collections by NFT floor price in the past seven days

Moonbirds, a non-fungible token collection featuring a fixed supply of 10,000 previously created on the Ethereum blockchain network by the digital asset firm Proof Collective, but now managed by Orange Cap Games, has also recorded negative growth since the recent Ethereum pullback. In the past seven days, the Moonbirds NFT collection has seen its floor price value fall 14% to 2.79ETH.

Mutant Ape Yacht Club, a non-fungible token collection from the digital asset firm Yuga Labs, featuring a limited edition of 20,000 mutant apes hosted on the Ethereum blockchain network, has also recorded negative growth amid the short NFT market meltdown. In the past seven days, the Mutant Ape Yacht Club has seen its floor price value plunge 15% to 1.36 ETH from the past week. This is the lowest NFT floor for Mutant Ape NFTs since 2021.

Even though many non-fungible token collections have suffered heavy losses, not all NFT collections have retreated. CryptoPunks, which remained the top NFT collection by market cap, has shown relative resilience, dropping only 1.33% over the week. Punks is a globally acknowledged NFT collection featuring a limited edition of 10,000 pixilated NFTs previously created by the digital asset firm Larva Labs but now managed by Infinite Node Foundation.

Related NFT News:

Best Wallet – Diversify Your Crypto Portfolio

• Easy to Use, Feature-Driven Crypto Wallet
• Get Early Access to Upcoming Token ICOs
• Multi-Chain, Multi-Wallet, Non-Custodial
• Now On App Store, Google Play
• Stake To Earn Native Token $BEST
• 250,000+ Monthly Active Users