Throughout April, there have been more sellers than buyers in the non-fungible token (NFT) market, according to data from NFTGo. On April 26, there were only 7,907 buyers compared to 8,641 sellers. The lack of demand could be concerning for those planning to sell their NFTs soon.
The NFT market has experienced turbulent conditions, with reactions on Twitter indicating concerns over the market’s functionality. The decline in the market started on March 12 after the collapse of Silicon Valley Bank and has continued throughout April, with no day in April having more buyers than sellers.
