NFT monthly sales volume hits highest in six months…still far from previous record high

Monthly sales of NFTs in November hit a six-month high. On the 1st (local time), data from CryptoSlam showed that sales of NFTs in November reached 57.
The report said revenues rose 1.8% to more than $562 million, well above the October record of $356 million. The figure was the highest monthly total since May, when revenues hit $599 million.
Despite the November uptick, monthly NFT trading volume is still far from reaching its 2024 high. In March of this year, sales of digital collectibles hit an annual high of $1.6 billion.
But it has since declined every month for the next seven months, reaching its lowest level since 2021. While the cryptocurrency market as a whole is on an upward trend, the value of popular NFT collectibles, Crypto
CryptoPunks also set an impressive record in November. According to the cryptocurrency data site Dipyrama, CryptoPunks' bottom price was 1.18 on November 1st.
26.3 ETH, and by November 30th it had risen to 39.7 ETH, equivalent to about $147,000 at current exchange rates.
Cryptopunk’s 30-day sales volume as of November 30th exceeded $49 million, an increase of 392% from the previous month.
In addition, the number of sales transactions was 388, a 213% increase from October.
The Penguins collection also had a phenomenal November run. Sales for the collection increased 262% month-on-month to $16 million.
The price of Pudgy Penguin rose from a low of 8.7 ETH on November 1 to 13 ETH on November 30, which is roughly $48,000, a 49% increase.