Here's why Primates Academy ranked third by most sales volume

Here’s why Primates Academy ranked third by most sales volume

18 June 2022

in NFT

Reading Time: 3 mins read

According to data from Cryptoslam, an NFT project based on the Solana Network has been trailed with significant growth in sales volume since the beginning of the month. Referred to as Primate Academy, this project is a complete collection of 4444 distinct NFTs with more than 70 custom traits of R2E games.

Launched in March, data from Cryptoslam revealed low sales volume within the first two months sequel to launch. In March, a total of $10,311.58 was recorded in sales. However, this dropped by over 95% in April, as only $189.44 was recorded in sales. Interestingly, the project seemed to have gotten some traction this month. So far this month, the project has registered a sales volume of $2,470,566.06.

The last 24 hours

Currently ranked third on Cryptoslam’s NFT collection rankings by sales volume in the last 24 hours, Primate Academy saw a 26% spike in its sales volume over the previous 24 hours. Within this window period, a total of $1,117,954 has been recorded in sales. With a total of $21,034,946 recorded in NFTs sales in the last 24 hours, sales of the Primate Academy NFTs represented 5% of the total sales recorded.

Over the last 24 hours, the NFT project recorded a total of 2,233 transactions with 1,165 new buyers. At the time of press, the floor price for the NFT project stood at 0.06 SOL.

Source: CryptoSlam

For context

The spike in sales volume for the project may be attributed to the general downturn in the cryptocurrency market, which impacted NFTs sales. Blue Chips projects like CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles were not left out as they have also suffered a burn to their floor prices. The general decline in floor price has led collectors to ramp up the collection of NFTs since the month started.

When Primate Academy launched in March, with 578 transactions executed, it recorded a total sales of $10,311.58. By April, the transactions count registered an 87% decline. Only 70 trades were executed with just 42 buyers. As a result, the project recorded a meager amount of $189.44 in the entire month.

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However, barely 20 days into June, a total of 11,213 transactions with over 5000 buyers have been executed. Sales so far this month totaled $2,470,566.06. This represents 99% of the total sales of $2,481,067.08 since the project’s launch.

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