NFT Slump Worsens With Monthly Sales Hitting Rock Bottom
A pointy slowdown in shopping for pushed the NFT market again towards its weakest ranges of the 12 months, as weekly and month-to-month totals fell sharply and total valuations continued to slide.
According to market trackers, buying and selling exercise cooled considerably in November and the primary week of December, elevating recent questions on demand heading into 12 months finish.
Sales And Volume Plunge
NFT sales fell to $320 million in November, down from near $630 million in October, CryptoSlam information exhibits. That stage is roughly on par with the $312 million recorded in September 2024.
Based on stories, the development didn’t enhance firstly of December: from Dec. 1–7, collections generated about $62 million in gross sales — the weakest weekly complete recorded thus far in 2025. Market members are being hit by decrease turnover and fewer huge trades.
Market Cap Shrinks Dramatically
CoinGecko information exhibits the sector’s market cap sits at $3.1 billion, which is down 66% from a January high of $9.2 billion. Reports have disclosed a steep month-to-month swing as properly: values dropped from $6.6 billion in October to $3.5 billion in November, a fall of 46% in roughly 30 days.
There was a short uptick on Nov. 11 when market cap moved from $3.5 billion to almost $4 billion throughout a memecoin-driven surge, however the restoration was short-lived and the market cap later retreated again to $3.1 billion. These strikes present that costs are nonetheless risky and pushed by bursts of speculative curiosity.
Blue Chips Mostly Lose Ground
Top collections weren’t immune. Based on stories, CryptoPunks fell about 12% over the previous month. Bored Ape Yacht Club slid 8.5%, whereas Pudgy Penguins dropped 10.6% in the identical interval.
Art-focused blue-chip works additionally fell: Chromie Squiggle misplaced 5.6%, Fidenza declined 14.6%, Moonbirds went down 17.9% and Mutant Ape Yacht Club slipped 13.4%. The greatest fall amongst main names got here from Hypurr, which dropped 48%.
Two Collections Show Gains
Not each mission adopted the downward path. Infinex Patrons posted virtually 15% rise within the final 30 days, and Autoglyphs outperformed the highest ten with a 21% achieve.
These outliers have been lifted by collector curiosity, and in some instances by the tasks’ small provide or distinctive on-chain historical past. Still, such beneficial properties stay the exception quite than the rule.
Outlook As Year Ends
The weak begin to December suggests the pullback might proceed into the shut of the 12 months. Liquidity is thinner now, and short-lived rallies pushed by different crypto market occasions have didn’t create lasting momentum.
Prices have been pushed down throughout a large set of collections, and buying and selling volumes haven’t proven a sustained restoration.
Featured picture from Unsplash, chart from TradingView
