The NFT market continues to show a downward trend at the end of March in contrast to other crypto sectors. As of April 5, there has been a 14% decrease, while the rise in Bitcoin and the transaction volume on centralized crypto exchanges reaching 9.1 trillion dollars create notable contrasts in the market. Centralized and decentralized crypto exchanges set records in transaction volumes, while NFT sales are slowing down.
The Decrease in NFT Sales
Leading alternative blockchain NFT sales continue to decrease. During the week of April 5, Bitcoin NFT sales decreased by 18%, and Ethereum ecosystem-related sales experienced a 9% loss.
Prison Sentence in the OneCoin Scandal
Irina Dilkinska, former legal and compliance chief of OneCoin, was sentenced to 4 years in prison in the US and was ordered to pay a $111 million compensation. OneCoin created a pyramid scheme-like structure by marketing a fake cryptocurrency and defrauding investors.
Pantera Capital Achieves Great Profit
Pantera Capital’s Liquid Token Fund provided a 66% return in the first quarter with the rise in Solana’s price and other gains. The Solana ecosystem continues to gain popularity with airdrop events and memecoin projects.
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