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NFT sales plunge 18% to $116.9m, Polygon beats Ethereum
NFT Gaming

NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

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The NFT market has experienced a sharp drop, with sales volume falling by 18.43% to $116.9 million.

According to data from CryptoSlam, this marks a reversal from the previous week’s strong performance.

Bitcoin (BTC) price has dropped to $103,000. At the same time, Ethereum (ETH) has dropped 4% in the last seven days. The global crypto market cap is now $3.21 trillion, down from last week’s $3.29 trillion.

Despite the sales decline, market participation metrics show mixed results. NFT buyers remain flat at 1,061,348 (50.56% growth maintained), and NFT sellers rise by 8.09% to 38,494. NFT transactions have decreased slightly by 0.63% to 1,709,086.

Immutable retains its top position

Immutable (IMX) has retained its top position but with reduced sales of $28.3 million, falling 32.23% from the previous week. The blockchain’s wash trading has nearly disappeared, dropping 81.19% to just $3.

Polygon (POL) has surged to second place with $23.3 million in sales, growing 24.98% and overtaking Ethereum. Ethereum has dropped to third place with $20.4 million, declining 32.06%. Ethereum’s wash trading has also decreased by 18.29% to $1.8 million.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Mythos Chain maintains fourth position with $14.1 million, remaining essentially flat with a marginal 0.03% decline. Solana (SOL) has climbed to fifth place with $8.7 million, jumping 42.74%.

The buyer count has increased across most blockchains, with Polygon leading at 35.63% growth, followed by Solana at 27.41% and Mythos Chain at 19.32%.

In collection rankings, Courtyard on Polygon has reclaimed the top position with $17.4 million in sales, showing minimal growth of 0.56%. The collection has experienced major growth in sellers, up 1,264.81%.

Guild of Guardians Heroes has fallen to second place with $16.5 million, declining 33.60%. The gaming collection has seen decreases across all metrics, including transactions (35.26%), buyers (41.99%), and sellers (42.33%).

DMarket holds third place with $9 million, up 0.99%. Guild of Guardians Avatars remains in fourth with $7 million, though falling 31.19%.

Gods Unchained Cards has entered the top five with $4.7 million, declining 28.60%. Notably, Uncategorized Ordinals on Bitcoin has disappeared from the top collections.

Notable high-value sales from this week include:

  • CryptoPunks #1831 sold for 150 ETH ($389,846)
  • CryptoPunks #9778 sold for 150 ETH ($377,958)
  • CryptoPunks #4868 sold for 76.5 ETH ($201,933)
  • CryptoPunks #5586 sold for 70.07 ETH ($185,292)
  • CryptoPunks #7516 sold for 60 ETH ($158,378)



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Crypto Trends

Bitcoin’s Plunge Below $103K Spurs Liquidation Wave

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What started as a positive day for crypto markets quickly reversed during the U.S. session with bitcoin

sliding below $103,000 from the $106,500 level just hours earlier.

At press time, bitcoin had pared some of the losses, returning to $103,200, down 1.2% over the past 24 hours.

Other large cryptocurrencies endured steeper declines. Ethereum’s ether

saw a sharp 4.5% drop in just 90 minutes to as low as $2,372, with trading volume spiking to nearly 800,000 ETH, nearly eight times the average hourly volume, per CoinDesk data. Solana’s SOL , dogecoin and Cardano’s ADA were 3%-5% lower over the same period.

The volatility burst caught many traders off-guard, liquidating about $450 million in derivatives trading positions on centralized exchanges across all digital assets, CoinGlass data shows. Some $387 million of liquidations were tied to long positions that bet on profiting from rising prices.

While macro risks abound — among them the ongoing conflict between Israel and Iran — there was no immediate external reason for the sudden price swing. The S&P 500 and the Nasdaq 100 indexes only inched lower during the day.

Bitcoin at stalemate

Zooming out, BTC continues to trade within a sideways range between $100,000 and $110,000, consolidating just below its all-time record level.

“The mixed view of whether BTC will go above $110,000 again or drop into the $90,000 area doesn’t surprise me at all and underscores the overall indecision people and markets feel,” said James Toledano, chief operating officer at Unity Wallet.

“The present BTC stalemate reflects a market caught between bullish long-term sentiment and short-term macroeconomic and geopolitical uncertainty,” he added.



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Bitcoin, Altcoins Plunge as Trump’s Threat to Assassinate Iran Leader Escalates Middle East Tensions

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Bitcoin was down by nearly 4% over the past 24 hours as President Donald Trump suggested in a social media post that the U.S. might assassinate Iran’s supreme leader, escalating already inflamed tensions in the Middle East.

The largest cryptocurrency by market capitalization was recently trading at about $103,630, its lowest level in five days, according to market data provider CoinGecko, though it has ticked back up above $104,000 as of this writing. BTC started edging down last Thursday as Iran and Israel began exchanging missile attacks.

Ethereum was recently changing hands at about $2,470, down nearly 6.5% over the past 24 hours. Smart contract platforms Solana and Cardano were both off about 7%, while the leading meme coin Dogecoin had dropped 6.7%.

Editor’s note: This story will be updated with additional details.

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NFT Gaming

Altcoins Plunge, Crypto Liquidations Hit $1B Amid Israel-Iran Tensions

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In brief

  • The crypto market tanked Friday, following Israel’s airstrike on Iran.
  • Major altcoins took large hits, as crypto liquidations surpassed $1 billion.
  • Predictors on Myriad now place the odds of a nuclear deal between Iran and the U.S. at under 5%.

Crypto prices have plunged in the wake of Israel’s airstrikes on Iran, with major altcoins taking significant hits and liquidations passing $1 billion, as markets braced themselves for Iran’s response.

Ethereum has tanked 7.8% over the past 24 hours to $2,533, according to CoinGecko, while XRP dropped 3.9% to $2.13 and Solana 8.4% to $145. The best-performing assets in the top 15 cryptocurrencies by market capitalization are both stablecoins holding their peg to the U.S. dollar—never a good sign.

As a result, according to CoinGlass, $1.16 billion worth of liquidations have swept the crypto market. Leading the way is Bitcoin with $449.95 million of liquidations, followed by Ethereum at $301.92 million, and Solana at $53.46 million. The vast majority of these liquidations were long positions.



Predictors on Myriad shifted their stance on more long Bitcoin positions being liquidated on Saturday, June 14 to over 55.8%—a notable move from the near 50% odds that predictors gave the market on Thursday afternoon.

(Disclosure: Myriad Markets was created by DASTAN, the parent company of Decrypt and Rug Radio.)

Israel’s airstrike on Iran

Israel launched a large-scale airstrike against Iran in the early hours of Friday, with government officials claiming the country was targeting nuclear facilities, ballistic missile factories, and military commanders. Iranian state media outlets have reported several casualties, including civilians and senior officials. 

“The Zionist regime will regret its action today,” Iranian President Masoud Pezeshkian tweeted, announcing a “special meeting” set to take place on how to respond. Meanwhile, Israel declared a state of emergency in anticipation of possible missile and drone attacks in response from Iran.

The crisis could also impact on the chances of a nuclear deal being struck between Iran and the United States, with predictors on Myriad now giving odds of just 4.7% for a positive outcome in the talks.

U.S. Secretary of State Marco Rubio quickly confirmed after the Israeli strikes that the U.S. was “not involved,” urging Iran not to attack U.S. personnel.

The price of Bitcoin has also declined, though not as sharply as altcoins, falling 2.2% on the day to $104,976.

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Will GameStop Buy More Bitcoin? Shares Plunge Amid ‘Black Box’ Criticism Over Strategy

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In brief

  • GameStop’s stock price dropped 22% after the video game retailer said it would offer $1.75 billion worth of convertible bonds to investors.
  • GameStop CEO Ryan Cohen recently said that the firm is “not following anyone else’s [Bitcoin] strategy” and won’t telegraph any future purchases.
  • “What I think is very important for a Bitcoin Treasury company is transparency and authenticity, and so far, they’ve been a black box,” Strive CEO Matt Cole told Decrypt.

GameStop shares plummeted on Thursday after the video game retailer announced that it would offer investors $1.75 billion worth of convertible senior notes, a form of corporate debt that Bitcoin-buying firms like Strategy have tapped to accumulate the asset.

The Grapevine, Texas-based firm’s stock price had dropped 22% to $22.12, as of noon Eastern Time, according to Yahoo Finance. GameStop shares changed hands around $25.40 in late March, when the company said that it could start leveraging Bitcoin and other cryptocurrencies as treasury reserve assets after updating its investment policy.

In a blog post, GameStop said that proceeds from the convertible bonds, which “will not bear regular interest,” will go toward “general corporate purposes,” including investments consistent with its investment policy, and acquisitions, according to a company blog post.

Although GameStop purchased 4,710 Bitcoin last month, the company did not specifically mention Bitcoin in its Wednesday announcement. The company has held other cryptocurrencies before as part of its ill-fated gambit to establish an NFT marketplace, too.



GameStop CEO Ryan Cohen hinted at the company’s Bitcoin purchase when posing for a photo alongside Strategy co-founder and Executive Chairman Michael Saylor earlier this year. However, he said in a recent interview that the company would not telegraph any future Bitcoin purchases, and that it’s “not following anyone else’s strategy.”

The way in which the company has communicated Bitcoin-related activity to shareholders hasn’t mirrored most firms engaged in accumulating the asset. When the company divulged its first Bitcoin buy in late May, its one-sentence press release did not include an average purchase price, or detail how much money the company spent on Bitcoin. 

“What I think is very important for a Bitcoin Treasury company is transparency and authenticity, and so far, they’ve been a black box,” Strive CEO Matt Cole told Decrypt in a recent interview.

Before saying that it would offer investors $1.75 billion worth of convertible bonds on Wednesday, the company raised $1.5 billion through a similar offering in early April.

Among those disappointed with GameStop’s crypto foray, some feel that the company has been vague about its plans, while appearing to be more focused on maintaining its cash position. As of May, GameStop held $6.3 billion in cash and cash equivalents, per its latest earnings results.

Recognized as the world’s first meme stock, GameStop became a pandemic-era phenomenon after its stock price skyrocketed during a historic short squeeze in 2021. Keith Gill, aka Roaring Kitty, became the de facto face of a retail-led movement to bet against Wall Street institutions.

Edited by James Rubin

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NFT Gaming

Cardano (ADA) Surges 3% After Dramatic 10% Plunge, Finds ‘Strong Support’

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The cryptocurrency market is experiencing heightened volatility amid an escalating feud between President Donald Trump and his former head of the Department of Government Efficiency, Elon Musk, over the state of the U.S. economy.

Cardano’s ADA

has also seen extreme price swings amid market uncertainties.

After dropping from $0.688 to $0.621, ADA found strong support and rebounded, forming an ascending channel with resistance at $0.644, according to CoinDesk Research’s technical analysis model. The technical indicators suggest a potential renewed bullish momentum as the cryptocurrency reclaims the $0.640 level with decreasing volatility.

At press time, ADA is trading at $0.66, down about 1.8% over the past 24 hours, while the broader market gauge CoinDesk 20 Index fell 1%.

Some recent news within the ADA ecosystem has provided the market with potential catalysts for the token.

Institutional interest in the Cardano blockchain continues to grow, with Franklin Templeton, a $1.6 trillion asset manager, now running Cardano nodes. Additionally, Norway’s NBX has recently partnered with Cardano to build Bitcoin-based DeFi, highlighting the blockchain’s secure design for institutional adoption.

The successful execution of the first Bitcoin-to-Cardano transaction involving Ordinals marks a significant milestone that could potentially unlock $1.5 trillion in cross-chain trading opportunities.

Technical Analysis Highlights

  • Sharp decline from $0.688 to $0.621 (10.29% drop) occurred on exceptionally high volume.
  • Strong support zone established at $0.620-$0.623 where buyers aggressively stepped in.
  • Recovery formed an ascending channel with resistance at $0.644.
  • Overall range of $0.070 (10.29%) highlights the extreme market conditions.
  • Potential renewed bullish momentum as ADA reclaimed the $0.640 level with decreasing volatility.
  • Hourly price action showed a possible recovery pattern from $0.641 to $0.643.
  • Short-term resistance level established at $0.643-$0.644.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Crypto Trends

Bitcoin, Solana and Dogecoin Plunge as Circle Stock Surges After IPO

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In brief

  • Bitcoin fell below $101,000 on Thursday for the first time in nearly a month.
  • Dogecoin plummeted as a feud between one of its biggest champions, Elon Musk, and President Trump escalated.
  • Investors remain wary about trade tensions and sagging economic indicators.

Bitcoin and major altcoins tumbled late Thursday as concerns about the the re-escalating trade war, slowing U.S. economic indicators, and a brewing feud between U.S. President Donald Trump and billionaire Elon Musk trumped euphoria over Circle’s smash debut as a publicly traded company.

The largest cryptocurrency by market capitalization was recently trading at about $100,825, down nearly 4% during the past 24 hours, according to crypto market data provider CoinGecko. Bitcoin, which last sank below $101,000 nearly a month ago, has fallen more than 9% over the past two weeks.

“Crypto markets are pulling back today alongside a broader risk-off tone,” BitBull Capital CEO Joe DiPasquale told Decrypt. “Despite Circle’s debut, which you might expect to lift sentiment, investors seem more focused on sticky macro headwinds—the trade tensions, slowing jobs data, and ISM softness all weigh on risk appetite.”



DiPasquale added: “BTC is still in a healthy range, technically, but altcoins like SOL and XRP are showing more volatility as liquidity thins out. Overall, sentiment feels cautious, not panicked—more like digestion than fear.”

The declines added to the crypto market’s recent slugglishness as investors fret over multiple macroeconomic uncertainties, including the fraying of the once-cozy relationship between Trump and Musk, who pumped about $280 million into Trump’s 2024 presidential campaign.

On Wednesday, Trump fulfilled a recent promise to raise tariffs on steel and aluminum, even as employment and productivity readings suggested that the economy was headed downward, and tensions rose in the Ukraine war and Middle East.

Dogecoin, a Musk favorite, recently plunged nearly 9.3% from Wednesday at the same time, hitting its lowest level since May 7. Musk has harshly criticized Trump’s budget proposal in recent days, prompting the president on Thursday to threaten to cancel the entrepreneur’s government contracts. Musk’s past activities and utterances have frequently sent DOGE gyrating.

The token of the Solana blockchain and XRP recently declined 7.7% and 5.6%, respectively, hitting their lowest levels in almost a month.

Stocks closed in negative territory, with the tech-heavy Nasdaq and S&P 500 both off more than a half-percentage point—although payment services provider and stablecoin issuer Circle drew so much interest in its opening on the public stage that the NYSE halted trading three times in an hour. Circle’s share price finished the day at $83.23, far surpassing its $31 IPO price.

BitBull’s DiPasquale “expects choppy conditions to continue in the near-term.”

“Until there’s more clarity on U.S. trade policy or a major catalyst—like a rate cut or fresh ETF inflows—crypto may remain range-bound,” he wrote, although he noted optimistically that Bitcoin’s long-term prospects remain “relatively strong.”

“Any dips toward $100K are likely to find buyers,” he wrote. “But for alts, expect continued rotation and uneven performance as investors stay selective.”

Edited by Andrew Hayward

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NFT sales plunge 16.7% to $105.7m, Ethereum sales surge 30%
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NFT sales plunge 16.7% to $105.7m, Ethereum sales surge 30%

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The NFT market has experienced a notable drop, with sales volume falling by 16.76% to $105.7 million.

This comes as Bitcoin (BTC) prices have dropped to $103,000 after hitting $111,000, a new ATH. At the same time, Ethereum (ETH) has shown a mild drop to the $2,500 level in the last seven days. The global crypto market cap is now $3.25 trillion, down from last week’s $3.42 trillion.

According to data from CryptoSlam, despite the overall decline, NFT buyers increased by 55.35% to 699,471, and NFT sellers rose by 19.22% to 242,898. NFT transactions have surged by 34.31% to 2,233,547.

Ethereum NFT sales jump 30%

Ethereum strengthened its position with $36.5 million in sales, which jumped 28.43% from the previous week. However, Ethereum’s wash trading decreased by 23.31% to $1.6 million.

Polygon (POL) maintains second place with $15 million in sales, though it experienced a 25.88% decline. Mythos Chain holds the third position with $13.5 million, down 3.39%.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Bitcoin sits in fourth place with $13.2 million and fell 27.10% from last week. Immutable (IMX) has entered the top five with $7.3 million and dropped 15.93%. Solana (SOL) rounds out the top six with $7.2 million and showed growth of 17.78%.

The buyer count has increased across most blockchains, with Polygon leading at 43.72% growth, followed by Solana at 37.39% and Bitcoin at 33.34%.

Courtyard on Polygon retains the top position in collection rankings with $12.4 million in sales. However, it saw a 13.91% drop. The collection has seen a surge increase in sellers, up 1,196.53%.

DMarket is second with $8.3 million, down 5.33%. Guild of Guardians Heroes is third with $5 million, down 14.58%.

A notable newcomer, STRAT Option on Ethereum, has entered the fourth-place rankings with $4.7 million. The collection has experienced notable growth of 18,945,794.34% in sales, with transactions up 2,300% and buyers up 1,900%.

Bitcoin’s BRC-20 NFTs complete the top five with $4.6 million and dropped 24.06%. The collection has seen decreases across all metrics including transactions (17.56%), buyers (24.93%), and sellers (33.22%). Read last week’s NFT sales breakdown.

Notable high-value sales from this week include:

  • CryptoPunks #1831 sold for 150 ETH ($389,846)
  • CryptoPunks #4868 sold for 76.5 ETH ($201,933)
  • CryptoPunks #5586 sold for 70.07 ETH ($185,292)
  • CryptoPunks #308 sold for 69 ETH ($174,683)
  • CryptoPunks #9494 sold for 66 ETH ($169,021)



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Solana Price Prediction June 2025: Will Sol Plunge To $127?
GameFi Guides

Will SOL Plunge to $127?

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As May came to a close, the Solana price took a hit since the Securities and Exchange Commission (SEC) expressed concern over the plan to launch 2 new ETFs involving Ethereum and Solana. With this, the SOL coin price slumped 11.45%. While the crypto market displayed a significant price action, the Solana token bounced between $155 and $185 for 23 straight days.

SOL On-chain Sentiment Suggests Increased Volatility

Solana records a constant rise in its new wallet addresses for the second straight month. The number of new wallets has increased from 98.33 million in March to 111.01 million in April, and 123.81 million in May. This highlights increasing user interest and adoption. Cumulatively, this is leading toward the growth of the network.

Number of Active Addresses on the Solana Network, Source: The Block

Due to the recent increase in the selling pressure amid the downturn, the OI-weighted funding rate has turned negative to -0.0027%. This highlights a significant decline in the bullish sentiment for Solana.

SOL OI-Weighted Funding Rate, Source: Coinglass

Solana Price Retests Its Crucial Support Around $150

Solana price is down by over 1% in 24 hours while the crypto market also experienced decreased volatility. With this, SOL has displayed a negative price action for the third consecutive day, according to Binance data. Moreover, the SOL coin has dropped approximately 11% in seven days and has displayed a monthly return of +4.93%.

Solana Price Chart, Source: TradingView (SOL/USDT)

The Relative Strength Index (RSI) indicator has recorded a sharp drop toward the oversold range and is currently at 41.66, signaling a bearish sentiment. Additionally, the average line acts as a resistance and is dropping toward its neutral point. Reportedly, this suggests a negative price action.

If the Solana price holds its bullish stance, it could retest its high of $177 from May 28. Further, rising investor’s optimism could push the value toward $200 for the first time since February 2025.

However, a failed bullish action could pull the price down to its immediate support of $150. Notably, increasing liquidation may result in SOL price crashing toward its April low of $127.

Also Read: BREAKING: Solana, Ethereum Staking ETFs Hit Roadblock with New SEC Letter



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BERA price crashes as Berachain transactions, stablecoins plunge
GameFi Guides

BERA price crashes as Berachain transactions, stablecoins plunge

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Berachain’s token crashed to a record low this week, erasing hundreds of millions of dollars in value as concerns about its network escalated.

Berachain (BERA) price dropped to $2.689, down 70% from its highest level this year. This steep decline has reduced its market cap from over $920 million in March to $339 million.

Activity on Berachain’s network continues to decline. According to Nansen data, it had only 104,000 active addresses over the past seven days, trailing behind other top chains like Sui (SUI) and Base. 

Berachain’s transactions fell more than 40% in the last seven days to 4.245 million, making it the worst-performing chain tracked by Nansen. Fees on the network also dropped 37% to $5,200 over the same period.

This trend is mirrored over the past 30 days, with total transactions down 67% to 26.78 million and fees halved to $36,000.

Stablecoins are also fleeing the Berachain ecosystem. The network now holds $197 million in stablecoins, a sharp decline from its year-to-date peak of $1.34 billion. PayPal USD supply on Berachain has dropped 42% in the last 30 days to $105 million, while Honey has fallen 68% to $87 million.

Berachain stablecoin supply has dropped | Source: DeFi Llama

Worse, Berachain has had outflows of US dollars into its ecosystem for all days since March 27. The total value locked in its platform has dropped by 50% in the last 30 days to $2.92 billion. 

These figures indicate that Berachain is rapidly losing traction, marking one of the steepest downfalls in the crypto industry this year.

BERA price technical analysis

Berachain price chart | Source: crypto.news

Berachain has been in a strong downtrend since hitting its post-airdrop high of $9.1823 on March 2.

The eight-hour chart shows that BERA price is hovering near its all-time low of $2.70, forming a double-bottom pattern. A double bottom is one of the most bullish reversal signs in technical analysis.

However, BERA remains below its 50-period and 100-period moving averages. While the double-bottom pattern may suggest a potential relief rally, a drop below $2.7021 would invalidate the bullish case and could open the door to further downside, potentially targeting the psychological level of $2.50.



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