The NFT market hit new lows in November. Monthly sales volume dropped to $320 M, nearly half of October’s $629 M figure. This decline in trading activity coincides with a massive drop in the sector’s market cap compared to the beginning of the year.
Data from CryptoSlam confirms a sharp cooling of trader interest in digital collectibles. November’s results match levels last seen in September 2024. Early December extended this negative trend: sales totaled just $62 M in the first week. This represents the weakest weekly performance of 2025, signaling persistent bearish sentiment.
The segment’s overall valuation remains under pressure. CoinGecko statistics show NFT market cap fell to $3.1 B. For comparison, this figure hit $9.2 B in January. A brief rebound in mid-November, where capitalization temporarily recovered to $3.9 B fueled by a memecoin rally, failed to hold. Total market value has slumped 53% since October.
Blue Chip Slump
Leading collections are mirroring the broader downward market trend. CryptoPunks, the largest project by market cap, lost 12% of its value over the last 30 days. Popular collections Bored Ape Yacht Club and Pudgy Penguins dipped 8.5% and 10.6%, respectively.
The generative art and utility NFT sectors are also bleeding. Fidenza prices dropped 14.6%, Moonbirds lost 17.9%, and Mutant Ape Yacht Club fell 13.4%. The Hypurr collection posted the worst performance in the top 10, with its value crashing 48% over the month.
Bucking the general market decline, two collections stood out: Infinex Patrons added 10.4%, while Autoglyphs surged 20.85%.
Read also:
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.
