NFT Market Plunges 9% as Buyers Vanish — Blue-Chip Collections Still Holding the Line
🎭 NFT Winter Returns: Market Volume Drops 9% as CryptoPunks Defy the Downtrend
The NFT market is freezing over — again. Trading activity plunged 9.22% to $85.3 million, with both buyers and sellers down over 95%, according to CryptoSlam. While smaller collections struggle, CryptoPunks trades continue to dominate, widening the gap between “blue-chip” NFTs and everyone else.
💸 NFT Market Loses Its Spark
After a brief October rebound, NFTs have slipped back into correction mode. Data from CryptoSlam shows a sharp drop in global NFT volume — a clear sign of fading engagement and shrinking liquidity.
- Total NFT volume: $85.31M (–9.22%)
- Ethereum: $33.42M (–14.97%)
- Base: (–27.35%)
- Mythos Chain: (–11.3%)
Even as speculative traders retreat, select CryptoPunks continue to fetch premium bids — showing that institutional and long-term holders still trust the sector’s elite assets.
🔇 Silence from the Top
The industry’s biggest names have gone quiet. No public comments from CryptoSlam, Yuga Labs (behind Bored Ape Yacht Club and CryptoPunks), or top blockchain players like Ethereum, BNB Chain, or Polygon.
As of November 9, the market slump remains officially unaddressed — leaving investors guessing.
Even regulators like the SEC and CFTC have stayed silent, adding to uncertainty about NFT classification and royalties.
🧠 Ethereum & Base Lead the Downturn
The slowdown appears network-driven. Ethereum’s gas fee volatility and Layer-2 liquidity fragmentation continue to hurt NFT trading. Meanwhile, Base, despite its early hype as Coinbase’s NFT hub, has seen volume collapse 27% in a single week.
Analysts suggest traders may be shifting focus toward:
- 🏦 Tokenized real-world assets (RWAs)
- 🤖 AI-integrated collectibles
- 📈 DeFi and staking protocols with higher yields
Rising gas fees and minting fatigue are further cooling activity.
📉 The Numbers Behind the Chill
- NFT market cap: $6.6B → $3.5B (–47%) in one month.
- November marks the largest contraction of 2025.
- Buyer/seller participation: down 95% year-over-year.
This isn’t a crash — it’s a recalibration. Speculation is fading, but innovation may yet return.
🌐 What Comes Next
Some analysts argue that the current “NFT winter” could be healthy — purging hype and resetting valuations for the next cycle.
The focus may now shift to:
- Gaming assets and metaverse integrations
- Digital identity systems
- Brand-based NFTs tied to loyalty or experiences
But for now, the silence is deafening. Without leadership or a fresh use case, NFTs risk fading from the mainstream spotlight — at least until the next big narrative lands.
The NFT hype cycle has cooled. Blue chips survive. Everyone else is left in the cold.
⚡ TL;DR
- Global NFT volume down 9.22% to $85.31M.
- Buyer/seller activity plunges 95%.
- CryptoPunks hold strong amid the collapse.
- No statements from Yuga Labs, CryptoSlam, or regulators.
- Market cap drops from $6.6B → $3.5B — biggest fall of 2025.
🔗 Read also
Recent News
All Time High • Live
Have questions or want to collaborate? Reach us at: [email protected]