Collapse in the NFT Market: Value of Digital Collectibles Melted by 66%

Metaverse Planet December 15, 2025Last Updated: December 15, 2025

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Non-fungible tokens (NFTs) have retreated to the lowest monthly sales volume of this year, with digital collectibles experiencing a drop of more than 66% in market value from their peaks in January.

CryptoSlam data shows that NFT sales fell to $320 million in November. This figure corresponds to approximately half of the $629 million recorded in October. The decline pulled monthly volumes back to levels not seen since September 2024. During that period, digital collectible sales had reached $312 million.

Data also indicates that NFTs generated $62 million in sales revenue between December 1-7, marking the weakest weekly total of 2025. A slow start to December suggests that the decline could continue throughout the month as NFT momentum weakens.

This downward trend comes amidst a general decline in NFT valuations. According to CoinGecko, the sector’s total market cap is at the level of $3.1 billion, down 66% from the $9.2 billion peak in January.

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While Major Firms Fall, Infinex Patrons and Autoglyphs Buck the Trend

CoinGecko data showed that most of the top-ranked NFT collections, including CryptoPunks, which has the largest market cap, mirrored the general market decline. CryptoPunks fell 12% in the last 30 days.

While Bored Ape Yacht Club retreated by 8.5%, Pudgy Penguins fell by 10.6% in the same period, continuing the pullback in the most dominant NFT assets.

The decline did not spare collections from major art-focused firms. Chromie Squiggle retreated by 5.6%, Fidenza fell by 14.6%, Moonbirds lost 17.9% in value, and Mutant Ape Yacht Club went down by 13.4% in the last month.

The biggest drop came from Hypurr, which plummeted by 48%, recorded as the sharpest decline among the top 10 NFT collections.

Meanwhile, two major collections bucked the bearish trend by posting gains in the last 30 days. Infinex Patrons, currently the second-largest NFT collection by market cap, showed an increase of 14.9%, while Autoglyphs surpassed all its rivals in the top 10 list with a rise of 20.9% in the last 30 days.

NFT Winter Deepens as 2025 Ends

The recent drop comes in the middle of a turbulent quarter for the NFT market. As Cointelegraph previously reported, NFTs experienced a sharp decline in valuation from October to November.

Digital collectibles fell from $6.6 billion to $3.5 billion, despite a slight increase in sales. This meant a drop of 46% in just 30 days.

A brief recovery followed this weakness. On November 11, the NFT market cap briefly rose from $3.5 billion to $3.9 billion, reflecting renewed interest driven by the memecoin rally.

However, the recovery was short-lived. CoinGecko data showed that the NFT market cap is at the level of $3.1 billion, down 53% compared to October.