NFT Market Meltdown: Sales Sink to Their Worst Level of 2025

November was brutal for the NFT market. Sales crashed to just $320 million last month. That’s half of what we saw in October, and it’s the worst performance all year.

If you’ve been holding digital collectibles, you already feel the pain. Your portfolio’s probably down significantly. You’re definitely not the only one watching values drop.

Sales Volume Just Keeps Dropping

Look at the numbers from CryptoSlam. November’s $320 million matches the weakness we saw way back in September 2024. We’re going backwards, not forwards.

December? It’s starting off even worse. The first week only brought in $62 million. That’s the weakest weekly number we’ve seen in 2025. At this pace, December might break November’s record for the wrong reasons.

The NFT market cap tells the same story. CoinGecko puts it at $3.1 billion right now. Back in January, it was sitting pretty at $9.2 billion. That’s a 66% drop. More than half the value just vanished.

Also Read: How NFTs Will Reshape The Future Of Crypto In 2026

Every Major Collection Got Hit Hard

CryptoPunks lost 12% in 30 days. This is the biggest collection by market cap, and it couldn’t hold its ground. Bored Apes dropped 8.5%. Pudgy Penguins fell 10.6%. These aren’t small projects. These are the blue chips everyone talks about.

Art collections got destroyed. Fidenza went down 14.6%. Moonbirds crashed 17.9%. Mutant Apes dropped 13.4%. Chromie Squiggle lost 5.6%.

Then there’s Hypurr. It got absolutely wrecked with a 48% decline. Worst performance in the entire top 10.

Two Winners in a Sea of Red

Infinex Patrons actually went up 14.9% last month. It’s the second-biggest collection now, and it’s one of the only things showing green. Autoglyphs did even better, jumping 20.9%.

That’s it. Two collections. Everything else is bleeding.

How We Got Here

This mess didn’t start in November. Back in October, digital collections were valued at $6.6 billion. By November, that number dropped to $3.5 billion. We’re talking about a 46% crash in 30 days.

There was this brief moment on November 11 when things looked better. The market cap bounced to $3.9 billion. Some memecoins were pumping. People got excited. Maybe the bottom was in.

Wrong. That bounce lasted maybe a week. By the end of November, we were back down to $3.1 billion. Down 53% from October.

Also Read: What Are NFTs And What Are Their Real Life Use Cases?

What Next?

Here’s what worries me. Trading volume has disappeared. Nobody’s buying these supposed “deals” even though prices are at yearly lows. When bargain hunters aren’t showing up, that’s bad.

The 66% drop from January isn’t just a dip. This is a real shift in how people see NFTs. Bitcoin’s been doing okay. Other cryptos are hanging in there. But NFT buyers? They’re gone.

December’s going to test everyone’s patience. If weekly numbers stay around $62 million, we’ll probably set another monthly low. Nobody knows when this turns around.

I’ve covered crypto for years. I’ve seen bull markets and bear markets. This NFT downturn feels different. There’s no hype. No new money coming in. No celebrity drops moving the needle.

Maybe that’s actually healthy long-term. Markets can’t go up forever. Corrections clear out weak hands. But right now? It’s rough out there for NFT holders.

Your best move depends on your situation. Some people are dollar-cost averaging into collections they believe in. Others are cutting losses and moving on. There’s no right answer that works for everyone.

What I can tell you is this: watch those weekly volumes. If December can’t crack $100 million per week, we’re in for more pain. The market needs buyers to come back. Until they do, expect more red days ahead.

Also Read: Top 10 Meme Coins to Buy in 2026: Beyond Dogecoin & Shiba

Why are NFT sales so low right now? 

People just aren’t buying. November sales dropped to $320 million, half of October’s numbers. Buyers lost interest, trading dried up, and even major collections like CryptoPunks and Bored Apes couldn’t hold their value.

Which NFT collections lost the most money? 

Hypurr got crushed with a 48% drop. Moonbirds fell 17.9%, Fidenza dropped 14.6%, and Mutant Apes lost 13.4%. Pretty much everything except Infinex Patrons and Autoglyphs went down.

Is the NFT market going to recover? 

Nobody knows for sure. The market needs buyers to come back, and that’s not happening yet. December’s first week only did $62 million in sales. Until we see consistent weekly volumes above $100 million, recovery seems far off.

What’s the total NFT market cap now? 

It’s sitting at $3.1 billion according to CoinGecko. That’s down from $9.2 billion in January. We’ve lost 66% of the market’s value in less than a year.