NFT Sales Plummet to Lowest Level Since 2025 as Market Capitalization Falls 66% From January High

Non-fungible tokens (NFTs) have hit their lowest monthly sales volume this year, with digital collectibles witnessing a drop of over 66% in market capitalization from their peaks in January.

According to CryptoSlam data indicates, NFT sales plummeted to $320 million in November, approximately half of the $629 million recorded in October. This decline brought monthly volumes back to levels unseen since September 2024, when digital collectible sales reached $312 million.

The data further reveals that from Dec. 1-7, NFTs generated $62 million in sales, marking the weakest weekly total of 2025. The sluggish start to December hints that the downturn may continue throughout the month as NFT momentum wanes.

This downward trajectory coincides with a broader decline in NFT valuations. According to CoinGecko, the overall market cap for the sector stands at $3.1 billion, down 66% from its January high of $9.2 billion.

Blue chips slide, but Infinex Patrons and Autoglyphs buck trend

Data from CoinGecko indicates that most leading NFT collections mirrored the broader market decline, with CryptoPunks, the largest by market cap, dropping 12% in the last 30 days.

Bored Ape Yacht Club fell by 8.5%, while Pudgy Penguins decreased by 10.6% during the same period, continuing the downward trend among the most significant NFT assets.

Blue-chip collections driven by art also faced declines. Chromie Squiggle decreased by 5.6%, Fidenza fell by 14.6%, Moonbirds dropped by 17.9%, and the Mutant Ape Yacht Club was down 13.4% over the past month.

The largest drop recorded was from Hypurr, which lost 48%, marking the most significant decline among the top 10 NFT collections.

Conversely, two notable collections showed gains in the past 30 days, defying the downward trend. Infinex Patrons, currently the second-largest NFT collection by market cap, increased by 14.9%, while Autoglyphs outperformed the entire top 10 leaderboard with a 20.9% rise over the last month.

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NFT winter deepens as 2025 concludes

The latest decline is occurring during a tumultuous quarter for the NFT market. As previously reported by Cointelegraph, NFTs saw a significant drop in valuation from October to November.

Digital collections fell from $6.6 billion to $3.5 billion, despite a slight increase in sales. This represented a 46% decrease within just 30 days.

This downturn was followed by a brief recovery. On Nov. 11, the NFT market cap momentarily increased from $3.5 billion to $3.9 billion, indicating renewed interest alongside a memecoin rally.

However, this recovery proved short-lived. CoinGecko data shows that the NFT market cap currently stands at $3.1 billion, reflecting a 53% decline since October.