Alternative Crypto Assets Crash to 2025 Lows as Meme Coins Shed $5B and NFTs Down 43%
Alternative crypto markets confronted one in every of their sharpest downturns of the 12 months on Friday as meme cash and NFTs collectively erased billions in worth, extending a multi-week decline throughout the broader digital asset sector.
According to knowledge from CoinMarketCap and CoinGecko, speculative property have fallen to their lowest valuations of 2025, monitoring heavy losses in Bitcoin, Ethereum, and different main cryptocurrencies.
Meme Coin Market Crashes 66% From January Peak Amid Broad Crypto Sell-Off
The meme coin sector was among the many hardest hit. Market capitalization for the class plunged to $39.4 billion, down from $44 billion the day prior to this, wiping out almost $4.6 billion in 24 hours regardless of a 40% enhance in buying and selling quantity.
The sell-off deepens a drawdown that started after the sector peaked at $116.7 billion on Jan. 5. Friday’s valuation now displays a 66.2% decline from that high.
Across main tokens, losses have been widespread. Dogecoin traded at $0.1426, with hourly features failing to offset a 4.21% each day decline and a 12.88% weekly slide. Shiba Inu adopted an analogous sample at $0.000057987, down 14.04% on the week.
Pepe, Bonk, and Floki all posted steeper weekly declines of greater than 17%, whereas Dogwifhat noticed one of many deepest drops, at 21.13%, over the seven-day interval.
Trading exercise, nonetheless, remained concentrated within the largest property, with Dogecoin recording almost $3.95 billion in 24-hour quantity in contrast to the single-digit tens of millions seen throughout smaller tokens.
Only a handful of property confirmed pockets of resilience. The Official Trump token rose throughout hourly and each day timeframes however nonetheless ended the week down 13.53%, whereas SPX6900 remained the one main meme coin to finish the week in constructive territory, up 14.04% regardless of short-term losses.
Broader market weak spot added to the stress. The whole crypto market capitalization fell to $2.99 trillion, a 2.2% drop from the prior day and down from $3.77 trillion on November 1, erasing roughly $800 billion in simply three weeks.
Bitcoin traded at $85,023, down almost 15% on the week however down sharply from current highs, whereas Ethereum hovered round $2,785, mirroring Bitcoin’s weekly losses however reflecting the broader volatility in large-cap property.
Solana and BNB additionally posted double-digit weekly losses, although neither reversed the month’s downward momentum.
Global NFT Market Cap Drops 43% in a Month, Hitting $2.78B Low
The NFT market continued to slide in parallel with meme cash. CoinGecko knowledge shows that the worldwide NFT market cap dropped to $2.78 billion on Friday, a 43% decline from its $4.9 billion degree 30 days earlier.
This marks the bottom NFT market valuation since April and locations digital collectibles down greater than 80% from their early-2022 peak close to $17 billion.
Long-term charts point out that the NFT market is coming into a protracted correction. After surging to multi-billion-dollar heights through the 2021 increase, the sector has spent most of 2023 to 2025 in a tightening vary, with intermittent rallies failing to maintain momentum.
Recent quantity stays skinny, with $3.99 million traded globally in 24 hours, exhibiting lowered liquidity throughout chains.
Most main collections posted deep month-to-month losses. Hyperliquid’s Hypurr NFTs fell 41.1% over 30 days, Moonbirds dropped 32.7%, and CryptoPunks sank 27.1%, regardless of remaining the highest-valued assortment with a flooring of 29.89 ETH.
Pudgy Penguins declined 26.6%, although they retained features over the previous 12 months. Only two collections bucked the development: Infinex Patrons, up 11.3%, and Autoglyphs, which held almost flat.
Chain-level exercise mirrored related traits. Ethereum continued to dominate NFT commerce quantity, accounting for 62.4% of the week’s $38.5 million in transactions, whereas HyperEVM, Base, and Solana adopted at decrease ranges.
Monthly consumer exercise was strongest on Base, which recorded 253,000 energetic merchants, far surpassing Ethereum and Solana.
Amid the collapse, marketplaces are adjusting. OpenSea, as soon as the chief of the NFT increase, has rebranded into a multi-chain crypto trading aggregator after volumes throughout the sector dropped by greater than 90% from 2021 ranges.
The platform processed $1.6 billion in crypto trades and $230 million in NFT transactions within the first half of October, its strongest month in additional than three years, as it expands into broader asset buying and selling.
The submit Alternative Crypto Assets Crash to 2025 Lows as Meme Coins Shed $5B and NFTs Down 43% appeared first on Cryptonews.
