Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Bitcoin jumps as Powell signals Fed policy adjustment

    August 25, 2024

    Three White Soldiers & Three Black Crows Explained

    January 18, 2024

    Bitcoin price shows “first signs of stability” after last week’s crash, says trader

    July 10, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

      July 18, 2025

      Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

      July 16, 2025

      Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

      July 15, 2025

      BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

      July 14, 2025

      Will Pi crash or rally in 2025?

      July 11, 2025
    • Technology

      Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

      July 18, 2025

      What is AI16Z – AMBCrypto

      July 17, 2025

      Bonk gains 15% to lead memecoins as altcoins eye rally

      July 16, 2025

      Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

      July 15, 2025

      Hungary Bans Unlicensed Crypto Platforms: Revolut and Bitstamp Suspend Services

      July 14, 2025
    • Learn/Guide

      $10.7 trillion Charles Schwab to launch spot Bitcoin, Ether trading, eyes stablecoin market entry

      July 18, 2025

      Russia’s largest bank Sberbank to roll out Bitcoin, crypto custody services to catch up with global banks

      July 17, 2025

      Trump Media files trademarks for Truth Social AI and AI Search

      July 16, 2025

      DOJ and CFTC drop investigations into Polymarket

      July 15, 2025

      FUNToken Isn’t Just Trending – It’s Consolidating Power in Telegram, One User at a Time

      July 14, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Is waning interest the reason for a drop in NFT thefts?
    Technology

    Is waning interest the reason for a drop in NFT thefts?

    August 7, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Is waning interest the reason for a drop in NFT thefts?
    Share
    Facebook Twitter LinkedIn Pinterest Email



    • The number of NFT scams has fallen consistently since February. 
    • This is due to the persistent decline in general market interest.

    The monthly value of stolen non-fungible tokens (NFTs) closed July at its lowest level yet this year, data from blockchain security company PeckShield showed.

    #PeckShieldAlert In July 2023, ~$1.73M worth of #NFTs were stolen, marking a 31% decrease compared to the previous month. Within a span of 165 minutes, half of the stolen NFTs were promptly sold on various marketplaces. The percentage of stolen NFTs initially sold on @blur_io… pic.twitter.com/cknsefpfwe

    — PeckShieldAlert (@PeckShieldAlert) August 6, 2023

    The value of stolen NFTs in July was $1.72 million, down 89% from $16.2 million in February, which was the highest monthly figure for stolen NFTs in 2023. In June, the value of stolen NFTs totaled $2.73 million, representing a 37% drop in NFT thefts in July. 

    The decline in stolen NFT value is likely due to a number of factors. However, the main reason was the overall decline in interest in the general NFT market. PeckShield added that half of the stolen digital collectibles were sold on various NFTs marketplaces, but primarily on Blur.

    Less interest equals less scam

    So far, the year has been plagued by a general lack of interest in non-fungible tokens, especially profile-picture NFTs (PFPs). With less transactions involving NFTs completed in the last month, the ecosystem experienced a decline in market capitalization and trading volume.

    Per data from NFTGo, the NFT vertical of the crypto ecosystem had a market capitalization of $5.64 billion at the time of writing. A month ago, this was above $6 billion. 

    Source: NFTGo

    Also, in the past 30 days, sales volume totaled $286.15 million. This represented a 64% decrease from the sales volume recorded in the previous month.

    Due to the falling interest in these digital collectibles, the count of market participants also fell during the period under review, data from NFTGo revealed. In the last month, the number of unique addresses that bought or sold at least one NFT from any existing collections declined by 24%. 

    Regarding buyers in the market, only 65,814 unique addresses bought at least one NFT in the last month. This amounted to a 27% shortfall in buyer count. As for sellers, their count totaled 72,926, seeing a 25.06% decrease. 

    Source: NFTGo

    Blue Chip NFTs were not exempted

    NFTGo’s Blue Chip Index tracks the overall performance of NFT collections that are categorized as blue-chip NFTs.  This Index is calculated by weighing the market capitalization of these NFTs to determine their performance. 

    In the last month, Blue Chip Index dropped by 4%, suggesting a general decline in the values of top NFT collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).

    A look at the floor prices of these NFT collections in the last 30 days confirmed this decline. According to data from NFT Price Floor, BAYC’s floor price dropped by 6%. As for MAYC, it also saw an 8% decrease in floor price within the same period. 





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

    July 18, 2025

    What is AI16Z – AMBCrypto

    July 17, 2025

    Bonk gains 15% to lead memecoins as altcoins eye rally

    July 16, 2025

    Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

    July 15, 2025
    Top Posts

    SEI continues to show strength as top trending crypto

    January 4, 2024

    Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

    February 23, 2025

    Spot Bitcoin ETFs turn 1 – Assessing what’s done and what’s next in 2025

    January 12, 2025

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

    July 18, 2025

    Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

    July 16, 2025

    Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

    July 15, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.