NFT market hits 2025 low as year-end rally fails to materialize

The NFT market has fallen to its lowest level of 2025 after failing to secure a year-end rally, Cointelegraph reported, citing data from CoinGecko. The total market capitalization for NFTs in December stood at $2.5 billion, a 72% decrease from the January peak of $9.2 billion. For the first three weeks of December, weekly NFT sales consistently remained below $70 million. According to CryptoSlam, the number of unique buyers fell from the 180,000s to the 130,000s, while the number of sellers dropped below 100,000. This downturn has impacted major collections, with the floor prices for CryptoPunks and the Bored Ape Yacht Club (BAYC) falling by 12% to 28% over the past 30 days.