According to recent data from CoinGecko and various crypto media outlets, the NFT market has seen a real crash in 2025.
The total value of the NFT market in January 2025 was around $9.2 billion, which stood at just $2.5 billion by the end of December.
This is a huge decline of about 72% since the beginning of the year. Not only prices, but also the number of buyers and sellers in the market has decreased drastically. According to the data, the number of unique buyers has decreased from 180,000 to 135,000. The floor prices of famous NFT collections such as CryptoPunks and Bored Ape Yacht Club (BAYC) have decreased by 12% to 28% in the last 30 days.
According to analysts, the #nft market is going through this difficult situation due to the decrease in excessive speculation, lack of new innovations in the market, and liquidity or cash shortage. Many investors are now leaning more towards AI and memecoins instead of NFTs.
