EC NFTea, the founder of NFTea Cafe, disclosed on Twitter that according to Dune Analytics data, the average daily transaction volume of OpenSea has dropped to a record low, which had been hovering between $15 million and $20 million before, but it has now dropped to $8 million. below. In addition, NFT market data and ranking analysis platform Flips data show that the floor prices of the top 10 top NFT projects in the past 7 days have also dropped significantly, while Google Trends data shows that they are currently in a situation where they are not interested in NFT. Period, the overall mood is very pessimistic.
EC NFTea believes that this situation is related to macroeconomic measures such as inflation and interest rate hikes, in the current situation, people are "forced" to feel very pessimistic, all risk assets and speculative assets are the first assets to be liquidated, so NFT floor prices will plummet.
