A Tough Time for the NFT Market

The NFT market is losing momentum, experiencing its weakest period this year. In November, total sales fell to $320 million — half of what was recorded in October. This is the lowest monthly result since September 2024, when sales reached $312 million. Early December isn’t looking any better: between the 1st and 7th, NFTs worth only $62 million were sold, marking the weakest week of 2025 so far.

The drop in sales goes hand in hand with declining valuations. According to CoinGecko, the current market capitalization of NFTs stands at $3.1 billion, down from $9.2 billion in January — a sharp 66% decrease.

Even the biggest NFT collections are losing value. Over the past 30 days, CryptoPunks have fallen by 12%. Bored Ape Yacht Club is down 8.5%, and Pudgy Penguins have dropped 10.6%. Art-focused collections are also feeling the pressure: Chromie Squiggle fell by 5.6%, Fidenza by 14.6%, Moonbirds by 17.9%, and Mutant Ape Yacht Club by 13.4%. The steepest decline came from Hypurr, which plunged by 48%.

Only two collections managed to stand out in this weakening market: Infinex Patrons, which gained 14.9%, and Autoglyphs, up an impressive 20.9% over the past month.

The final quarter of the year has proven exceptionally challenging for NFTs. Market valuation tumbled from $6.6 billion in October to $3.5 billion in November, even though sales saw a slight increase. A brief rebound to $3.9 billion on November 11 didn’t last long. Today, total market cap sits at $3.1 billion — 53% lower than in October.