NFT Sales Plummet to 2025 Low as Market Capitalization Falls 66% from January High

Non-fungible tokens (NFTs) have reached their lowest monthly sales volume this year, with digital collectibles declining by over 66% in market capitalization from January peaks.

Data from CryptoSlam reveals that NFT sales dropped to $320 million in November, about half of the $629 million tallied in October. This decline brought monthly volumes back to levels not observed since September 2024, when digital collectible sales were at $312 million.

The figures also indicate that between Dec. 1-7, NFTs generated $62 million in sales, marking the weakest weekly total of 2025. The sluggish start to December hints that this downturn could continue throughout the month as NFT momentum dwindles.

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, a steep decline of 66% from its January high of $9.2 billion.

Blue chips decline, but Infinex Patrons and Autoglyphs defy the trend

According to CoinGecko data many of the top NFT collections followed the market downward, with CryptoPunks, the largest by market cap, decreasing by 12% over the last 30 days.

Bored Ape Yacht Club saw an 8.5% drop, while Pudgy Penguins fell by 10.6% during the same period, continuing a pullback among the most prominent NFT assets.

The most significant decline was seen in Hypurr, which plummeted 48%, marking the steepest drop among the top 10 NFT collections.

Conversely, two major collections experienced gains over the past 30 days, defying the overall downward trend. Infinex Patrons, currently the second-largest NFT collection by market cap, reported gains of 14.9%, while Autoglyphs exceeded the entire top 10 leaderboard with a 20.9% increase over the last month.

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NFT winter intensifies as 2025 wraps up

The most recent decline comes during a tumultuous quarter for the NFT market. As previously reported by Cointelegraph, NFTs experienced a significant drop in valuation from October to November.

Digital collections plummeted from $6.6 billion to $3.5 billion, even as sales saw a slight uptick, reflecting a 46% decrease in just 30 days.

This weakness was momentarily countered by a rebound. On Nov. 11, NFT market cap climbed briefly from $3.5 billion to $3.9 billion, reflecting renewed interest alongside a memecoin surge.

However, this recovery was fleeting. CoinGecko data showed that the NFT market cap fell back to $3.1 billion, a decline of 53% since October.