Goblins are a popular theme Goblin Town NFT is a non-fungible token ( NFT) collection saw significant gains during May, despite overall negative market conditions, which wiped out up to half the value of certain blue-chip collections.

With a remarkable market capitalization of USD 96.4m and a price floor at ETH 4.79 (USD 9,400), Goblin Town is currently the 13th most traded NFT collection in the last month, and is ranked above other collections such as Meebits and CryptoPunks, as per NFT data aggregater DappRadar.

The rise of the collection has been very interesting, as it came as a surprise with no mint, and virtually no publicity, marketing as well as influencers involvement. The website of the collection even states that it is: “No roadmap. There is no Discord. It’s not a utility.”

The collection’s most expensive auction was recorded through Goblintown number 8995 that goes under the title Crustybutt Da Gobblin King. The NFT one of the auctions was purchased at ETH 69.42 (USD 136,440).).

In addition, others blue chip NFT collections have experienced an increase in their price and capitalization. In particular, there are the most well-known Ethereum (ETH) NFT projects like CryptoPunks, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC) as well as Azukiare each down between 40% and 60 in the last 30 days.

Azuki has dropped 57 percent to USD 23,410 The price of MAYC is also being severely hit, with the floor price soaring almost 50% to USD 36,180. BAYC’s floor has decreased by just under 40%, to USD 187,900 as well, and CryptoPunks has seen a decrease of 45 percent to USD 91,860 as per DappRadar.

Moonbirds Moonbirds, in contrast is a well-established NFT collection which has experienced growth over the last month and its floor price increasing by 40% to USD 42,300. Notably the collection’s market cap is still at 57%..

Overall generally, the NFT market has sunk in the last 30 days. The total amount of sales has decreased by 85 percent to just 16,000 in the last month, while the sales volume has dropped by more than 88%, to USD 31 million, according to  www.NonFungible.com.


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