At the beginning of September, NFT sales plummeted to $91.96 million, marking the lowest weekly trading volume since mid-June, a significant drop from the peak of $170 million at the end of July. The number of independent buyers and sellers decreased by 58% and 43% respectively, while the average selling price fell by 30% to $72. Despite 1.27 million transactions indicating that the market remains active, major auction houses like Christie's are withdrawing from the market, reflecting a general cooling of market sentiment and strategic adjustments across the industry.

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