NFT trading volumes have fallen to their weakest levels of the year as the global crypto market tries to regain bullish momentum in the latest stretch. November reportedly generated around $320 million in NFT sales. This was barely half of the $629 million in October and more than 66% lower than the peak of $900 million in January.
The massive dip shows just how far the digital collectibles market has retreated from the frenzy that dominated early 2025. However, the slump also marks the slowest month since September 2024, when volumes topped $312 million.
Bitcoin, the original cryptocurrency, has also fallen almost 12% in the past 30 days.
NFT sales hit their weakest week of 2025
Data shows the slowdown continued into December. In the first seven days of the month, NFT collections recorded just $62 million in sales. This was the softest weekly reading of 2025. It is an early sign that buyers remain cautious heading into the end of the year. Meanwhile, data from CryptoSlam shows that NFT sales volume increased 41% to $9.63 million in the past 24 hours.
This is because NFT valuations continue to reset in almost every major collection. Data from CoinGecko shows that the current market capitalization of the sector is approximately $3.06 billion. It is down sharply from the $9.2 billion recorded in January.
Data shows that CryptoPunks is down 12% in the past month. Bored Ape Yacht Club is down 8.5%, while Pudgy Penguins is down 10.6%.
🚨 NFT sales just hit their lowest monthly level of the year.
November recorded volume of $320 million, compared to $629 million in October and more than 66% lower than January’s market capitalization peak.
It is the weakest month since September 2024, when sales reached $312 million. pic.twitter.com/Lz65viyBUM
— Satoshi Club (@esatoshiclub) December 9, 2025
Arts-oriented blue chips did not perform better. Chromie Squiggle is down 5.6% in the past month, Fidenza is down 14.6%, Moonbirds is down almost 18% and Mutant Ape Yacht Club is down 10%. Hypurr posted the steepest decline among the top collections. It lost almost half its value and was trading around $12,626.
fwogs NFT explodes with a 1,337% increase in sales
Despite the losses, some winners performed well under pressure. Infinex Patrons are up 10% over the past 30 days, while Autoglyphs are up 20.9%. It was the strongest performance among the top 10 collections. This suggests that liquidity is not disappearing uniformly, but is consolidating around specific narratives.
Data from CryptoSlam shows that Fwogs’ NFT collection, which runs on Ether, recorded a 1,337% spike in sales over the past 24 hours. The number of transactions increased by 1,733%, reaching 2,072 with 667 buyers. CryptoPunks also saw a 618% increase in revenue, while transactions increased by 600%.
The slowdown in NFTs reflects the broader fatigue sweeping the crypto markets. Bitcoin is on track for its first negative year since 2022. BTC is down 4% on a year-to-date (YTD) basis. It is trading at an average price of $90,510 at the time of writing.
The bearish sentiments were driven by uncertainty about interest rate cuts and trade tensions. However, the historic liquidation event in October, which wiped out more than $19 billion in leveraged positions, played a crucial role in this scenario.
Bitcoin had risen above $126,000 in early October. It followed the rally sparked by the election of President Donald Trump, but collapsed days later after the administration unveiled new tariffs on Chinese imports.
Since then, BTC has struggled to regain momentum. The token fell more than 20% in November, its worst monthly performance in more than three years.
Make sure you are seen where it counts. Advertise in Cryptopolitan Research and reach the sharpest crypto investors and builders.