NFT Slump Worsens With Monthly Sales Hitting Rock | Crypto News
A pointy slowdown in shopping for pushed the NFT market back toward its weakest ranges of the yr, as weekly and month-to-month totals fell sharply and general valuations continued to slip.
According to market trackers, trading exercise cooled considerably in November and the first week of December, raising recent questions about demand heading into yr end.
Sales And Volume Plunge
NFT gross sales fell to $320 million in November, down from close to $630 million in October, CryptoSlam data exhibits. That stage is roughly on par with the $312 million recorded in September 2024.
Based on experiences, the pattern didn’t improve at the start of December: from Dec. 1–7, collections generated about $62 million in gross sales — the weakest weekly whole recorded so far in 2025. Market members are being hit by decrease turnover and fewer big trades.
Market Cap Shrinks Dramatically
CoinGecko data 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 transient uptick on Nov. 11 when market cap moved from $3.5 billion to practically $4 billion during a memecoin-driven surge, but the recovery was short-lived and the market cap later retreated back to $3.1 billion. These strikes show that costs are still risky and pushed by bursts of speculative curiosity.
Blue Chips Mostly Lose Ground
Top collections weren’t immune. Based on experiences, CryptoPunks fell about 12% over the past month. Bored Ape Yacht Club slid 8.5%, while Pudgy Penguins dropped 10.6% in the same period.
Art-focused blue-chip works also 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 among major names got here from Hypurr, which dropped 48%.
Two Collections Show Gains
Not every project adopted the downward path. Infinex Patrons posted virtually 15% rise in the last 30 days, and Autoglyphs outperformed the top ten with a 21% gain.
These outliers have been lifted by collector curiosity, and in some circumstances by the tasks’ small provide or distinctive on-chain historical past. Still, such good points stay the exception fairly than the rule.
Outlook As Year Ends
The weak start to December suggests the pullback might continue into the close of the yr. Liquidity is thinner now, and short-lived rallies pushed by other crypto market occasions have failed to create lasting momentum.
Prices have been pushed down across a broad set of collections, and trading volumes haven’t shown a sustained recovery.
Featured image from Unsplash, chart from TradingView
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