NFT Market Sees More Sellers Than Buyers Throughout April

Throughout April, the nonfungible token (NFT) market has seen more sellers than buyers, with no exception, according to data from NFTGo. On April 26, there were only 7,907 buyers compared to 8,641 sellers. The market hit its second-lowest point in the past 12 months on April 19, with only 5,893 buyers. The data suggests a lack of demand for NFTs and potential concern for those planning to sell their NFTs soon. The NFT market previously experienced a decline on March 12, following the collapse of Silicon Valley Bank, which caused fear in traders.