Christie’s shut digital art dem, NFT volume down 45%, ETH up 76%

Published: 2025-09-12 05:09:47 |

Christie’s don close dia digital art department and stop dia NFT sales pilot, dem cut two staff, including VP Nicole Sales Giles but keep di NFT specialist Sebastian Sanchez. Data from DappRadar and CoinDesk show say NFT trading volume drop 45% quarter-on-quarter to $867 million for Q2, even though trade counts rise 78% to 12.5 million. Floor prices for blue-chip NFTs—CryptoPunks (≈46.6 ETH), Bored Apes (≈9.1 ETH) and Moonbirds (≈2.8 ETH)—also dey fall. For contrast, Ethereum (ETH) jump 76% reach about $4,500. Dis closure show how valuation challenge dey for NFT market and how e dey volatile. Traders suppose watch NFT market floor prices and ETH performance for better trading chance.

Bullish

Even though NFT market dey slow and Christie’s don stop im digital art pilot, Ethereum big 76% jump show say demand strong and network dey active. For short time, traders fit see say as ETH price dey increase, na sign to add more long positions and carry market momentum. For long term, as NFT still dey volatile and valuation hard, e fit cause people to run go core cryptocurrencies like ETH for yield and DeFi chances. So, dis news strong the bullish feeling for ETH as e still be main asset for crypto trading and decentralized app dem.