While the global crypto market tries to regain its bullish momentum in its final stages, NFT trading volume has fallen to its lowest level this year. There was reportedly around $320 million in NFT sales in November. That’s just half of October’s $629 million and more than 66% below January’s peak of more than $900 million.
This significant drop shows how far the digital collectibles market has retreated from the exuberance that prevailed in early 2025. However, this downturn also marks the slowest month since September 2024, when trading volume continued to reach $312 million.
Bitcoin, the original cryptocurrency, has also fallen by almost 12% in the past 30 days.
NFT sales hit their slowest week of 2025
Data shows the economic slowdown continued into December. In the first seven days of the month, NFT collections generated just $62 million in sales. This was the weakest weekly reading in 2025. This is an early sign that buyers remain cautious heading into the end of the year. Meanwhile, NFT sales increased by 41% in the past 24 hours to reach $9.63 million, according to CryptoSlam data.
This is because NFT valuations continue to reset across nearly every major collection. The current market capitalization of the sector is approximately $3.06 billion, according to CoinGecko data. This was a significant decrease from January’s $9.2 billion.
According to the data, CryptoPunks has fallen 12% over the past month. Bored Ape Yacht Club fell 8.5% and Pudsey Penguins fell 10.6%.
🚨 NFT sales hit their lowest monthly level this year.
Trading volume in November was $320 million, down from $629 million in October and more than 66% below January’s market cap peak.
It was the weakest month since September 2024, when sales reached $312 million. pic.twitter.com/Lz65viyBUM
— Satoshi Club (@esatoshiclub) December 9, 2025
Blue-chip companies focused on the arts did not perform as well. Last month, Chromie Squiggle fell 5.6%, Fidenza 14.6%, Moonbirds nearly 18% and Mutant Ape Yacht Club 10%. Hypurr had the steepest decline among the top collections. It lost almost half its value to trade around $12,626.
fwogs NFT explodes in sales by 1,337%
Even among the losses, there were some winners who performed well under pressure. Infinex Patron is up 10% over the past 30 days, while Autoglyph is up 20.9%. It was the strongest performance of the top 10 collection. This suggests that fluidity is not disappearing uniformly, but is becoming consolidated around specific narratives.
CryptoSlam data shows that the fwogs NFT collection running on Ether has recorded a 1,337% sales spike in the past 24 hours. The number of transactions increased by 1,733% to 2,072 transactions with 667 buyers. CryptoPunks also saw a 600% increase in transactions and a 618% spike in revenue.
The slowdown in NFTs reflects the widespread fatigue that has swept the crypto market. Bitcoin is entering its first negative year since 2022. Bitcoin is down 4% on a year-to-date (year-to-date) basis. At the time of writing, it is trading at an average price of $90,510.
The bearish sentiment was driven by interest rate cut uncertainty and trade tensions. However, the historic liquidation incident in October, which wiped out over $19 billion in leveraged positions, played a key role in the scenario.
Bitcoin had soared above $126,000 in early October. Stocks were riding high after President Donald Trump’s election, but they collapsed days later when his administration announced new tariffs on imports from China.
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.
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