In a recent Messari report, it was revealed that NFT sales denominated in SOL increased by 19.3% and reached an all-time high in Q1 2023.
’s total NFT trade count increased over the last seven days. The same trend remained true for the total NFT trade volume in USD. Mad Lads’ launch played a major role in the increase of the aforementioned metrics.On the other hand, SOL was yet another victim of the ongoing bearish market trend as its price fell sharply. As perAt the time of writing, it was trading at $20.89 with a market capitalization of over $8.2 billion.
SOL’s stochastic was in an oversold position, at press time. This can result in an increase in selling pressure and it can eventually give way to a trend reversal.
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