NFT trading volume slows to $320M in November, as market cap falls to $3.06B from January’s $9.2B

NFT buying and selling volumes have fallen to their weakest ranges of the yr as the worldwide crypto market tries to regain bullish momentum within the newest stretch. November reportedly generated round $320 million in NFT gross sales. This was barely half of the $629 million in October and greater than 66% decrease than the height of $900 million in January.

The large dip reveals simply how far the digital collectibles market has retreated from the frenzy that dominated early 2025. Nonetheless, the stoop additionally marks the slowest month since September 2024, when volumes topped $312 million.

Bitcoin, the unique cryptocurrency, has additionally fallen nearly 12% up to now 30 days.

NFT gross sales hit their weakest week of 2025

Information reveals the slowdown continued into December. Within the first seven days of the month, NFT collections recorded simply $62 million in gross sales. This was the softest weekly studying of 2025. It’s an early signal that patrons stay cautious heading into the tip of the yr. In the meantime, information from CryptoSlam reveals that NFT gross sales quantity elevated 41% to $9.63 million up to now 24 hours.

It’s because NFT valuations proceed to reset in nearly each main assortment. Information from CoinGecko reveals that the present market capitalization of the sector is roughly $3.06 billion. It’s down sharply from the $9.2 billion recorded in January.

Information reveals that CryptoPunks is down 12% up to now month. Bored Ape Yacht Membership is down 8.5%, whereas Pudgy Penguins is down 10.6%.

🚨 NFT gross sales simply hit their lowest month-to-month stage of the yr.

November recorded quantity of $320 million, in comparison with $629 million in October and greater than 66% decrease than January’s market capitalization peak.

It’s the weakest month since September 2024, when gross sales reached $312 million. pic.twitter.com/Lz65viyBUM

— Satoshi Membership (@esatoshiclub) December 9, 2025

Arts-oriented blue chips didn’t carry out higher. Chromie Squiggle is down 5.6% up to now month, Fidenza is down 14.6%, Moonbirds is down nearly 18% and Mutant Ape Yacht Membership is down 10%. Hypurr posted the steepest decline among the many prime collections. It misplaced nearly half its worth and was buying and selling round $12,626.

fwogs NFT explodes with a 1,337% enhance in gross sales

Regardless of the losses, some winners carried out effectively underneath stress. Infinex Patrons are up 10% over the previous 30 days, whereas Autoglyphs are up 20.9%. It was the strongest efficiency among the many prime 10 collections. This implies that liquidity isn’t disappearing uniformly, however is consolidating round particular narratives.

Information from CryptoSlam reveals that Fwogs’ NFT assortment, which runs on Ether, recorded a 1,337% spike in gross sales over the previous 24 hours. The variety of transactions elevated by 1,733%, reaching 2,072 with 667 patrons. CryptoPunks additionally noticed a 618% enhance in income, whereas transactions elevated by 600%.

The slowdown in NFTs displays the broader fatigue sweeping the crypto markets. Bitcoin is on monitor for its first destructive yr since 2022. BTC is down 4% on a year-to-date (YTD) foundation. It’s buying and selling at a mean worth of $90,510 on the time of writing.

The bearish sentiments had been pushed by uncertainty about rate of interest cuts and commerce tensions. Nonetheless, the historic liquidation occasion in October, which worn out greater than $19 billion in leveraged positions, performed a vital position on this state of affairs.

Bitcoin had risen above $126,000 in early October. It adopted the rally sparked by the election of President Donald Trump, however collapsed days later after the administration unveiled new tariffs on Chinese language imports.

Since then, BTC has struggled to regain momentum. The token fell greater than 20% in November, its worst month-to-month efficiency in additional than three years.

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