NFTs Crashed Hard In November – Will the Market Die In 2026?
The post NFTs Crashed Hard In November – Will the Market Die In 2026? appeared on BitcoinEthereumNews.com.
Last month marked the weakest period for NFT sales in 2025, with the market cap shedding hundreds of millions of dollars. The latest figures reinforce the ongoing decline in demand for these assets, which once surged to record highs before entering a prolonged reversal after the 2022 crypto winter. Sponsored Sponsored NFT Sales Sink to New Lows November’s slump was steep. Total non-fungible token (NFT) sales fell to $320 million, nearly halving from October’s $629 million, according to CryptoSlam. That places monthly activity back near September’s $312 million, erasing what little momentum the sector had regained earlier in the fall. According to CoinMarketCap, the weakness has already carried into December, where the first seven days generated just $62 million in sales, marking the slowest weekly performance of the year. NFTs are soo downbad right now. Market cap dropped from $6.6B to $3.5B and volume is down about 65 percent. OpenSea’s most hyped token even got pushed to Q1 2026. Most holders aren’t down because of price. They’re down because nobody is buying. The healthiest reboot this… pic.twitter.com/YTrWoK3UKv — Salem☠️ (@web3_Salem) December 3, 2025 The broader valuation picture reflects the same downward pressure. CoinGecko data shows the market cap of NFT marketplaces has fallen to $253 million, its lowest level on record, as prices continue to decline across even the most established collections. This downturn is not an isolated event but the continuation of a broader, years-long contraction that has reshaped the NFT landscape since its explosive rise in the early 2020s. Sponsored Sponsored From Hype Cycle to Hard Reset NFTs first entered mainstream awareness in 2020, when early art sales and experimental drops attracted niche communities. By 2021, the market had become a full cultural phenomenon. Trading volumes on platforms like OpenSea soon surged to billions each month. Collections like…
