PANews reported on November 5th that, according to Cointelegraph, CoinGecko data shows the global NFT market capitalization plummeted from approximately $6.6 billion on October 5th to $3.5 billion on Wednesday, a 45% drop in just 30 days. Despite increased sales in October, briefly pushing up the floor price of blue-chip NFTs, the market remains sluggish. CryptoSlam data shows that NFT sales in October were approximately $631 million, a 13% increase from $556 million in September. Over the past 30 days, Bitcoin and Base NFTs have risen by 9% and 24% respectively; BNB Chain and Polygon NFT sales have fallen by 82% and 86% respectively; the Ethereum network, the largest in terms of NFT sales, saw a 25.5% drop, while sales of NFTs on the Solana, Immutable, and Avalanche chains fell between 31% and 35%. NFT floor price data shows that this market correction has even affected the most established NFT collectibles. Over the past 30 days, CryptoPunks trading volume has decreased by 40%, and the floor price has fallen from approximately $214,000 on October 5th to $117,000 on November 5th. Moonbirds experienced a similar correction, with trading volume down 63% and the floor price dropping from $14,700 to $6,500, a decline of more than half. The disconnect between trading volume and sales growth and valuation indicates that the NFT market liquidity remains speculative and is highly sensitive to overall crypto market sentiment.PANews reported on November 5th that, according to Cointelegraph, CoinGecko data shows the global NFT market capitalization plummeted from approximately $6.6 billion on October 5th to $3.5 billion on Wednesday, a 45% drop in just 30 days. Despite increased sales in October, briefly pushing up the floor price of blue-chip NFTs, the market remains sluggish. CryptoSlam data shows that NFT sales in October were approximately $631 million, a 13% increase from $556 million in September. Over the past 30 days, Bitcoin and Base NFTs have risen by 9% and 24% respectively; BNB Chain and Polygon NFT sales have fallen by 82% and 86% respectively; the Ethereum network, the largest in terms of NFT sales, saw a 25.5% drop, while sales of NFTs on the Solana, Immutable, and Avalanche chains fell between 31% and 35%. NFT floor price data shows that this market correction has even affected the most established NFT collectibles. Over the past 30 days, CryptoPunks trading volume has decreased by 40%, and the floor price has fallen from approximately $214,000 on October 5th to $117,000 on November 5th. Moonbirds experienced a similar correction, with trading volume down 63% and the floor price dropping from $14,700 to $6,500, a decline of more than half. The disconnect between trading volume and sales growth and valuation indicates that the NFT market liquidity remains speculative and is highly sensitive to overall crypto market sentiment.
The global NFT market capitalization is currently at $3.5 billion, a drop of 45% over the past 30 days.
PANews reported on November 5th that, according to Cointelegraph, CoinGecko data shows the global NFT market capitalization plummeted from approximately $6.6 billion on October 5th to $3.5 billion on Wednesday, a 45% drop in just 30 days. Despite increased sales in October, briefly pushing up the floor price of blue-chip NFTs, the market remains sluggish. CryptoSlam data shows that NFT sales in October were approximately $631 million, a 13% increase from $556 million in September. Over the past 30 days, Bitcoin and Base NFTs have risen by 9% and 24% respectively; BNB Chain and Polygon NFT sales have fallen by 82% and 86% respectively; the Ethereum network, the largest in terms of NFT sales, saw a 25.5% drop, while sales of NFTs on the Solana, Immutable, and Avalanche chains fell between 31% and 35%.
NFT floor price data shows that this market correction has even affected the most established NFT collectibles. Over the past 30 days, CryptoPunks trading volume has decreased by 40%, and the floor price has fallen from approximately $214,000 on October 5th to $117,000 on November 5th. Moonbirds experienced a similar correction, with trading volume down 63% and the floor price dropping from $14,700 to $6,500, a decline of more than half. The disconnect between trading volume and sales growth and valuation indicates that the NFT market liquidity remains speculative and is highly sensitive to overall crypto market sentiment.
Market Opportunity
AINFT Price(NFT)
$0.0000003371
$0.0000003371$0.0000003371
USD
AINFT (NFT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
XRP Ledger Launches Permissioned DEX For Regulated Institutions On Mainnet
TLDR XRP Ledger activates XLS-81 enabling permissioned decentralized exchanges. Permissioned DEX allows only verified accounts to trade on XRPL. Banks and brokers
Share
Coincentral2026/02/19 04:38
Uber plans $100 million investment in autonomous vehicle charging stations
The post Uber plans $100 million investment in autonomous vehicle charging stations appeared on BitcoinEthereumNews.com. Ride hailing giant targets 10 self driving
Share
BitcoinEthereumNews2026/02/19 04:05
The Federal Reserve cut interest rates by 25 basis points, and Powell said this was a risk management cut
PANews reported on September 18th, according to the Securities Times, that at 2:00 AM Beijing time on September 18th, the Federal Reserve announced a 25 basis point interest rate cut, lowering the federal funds rate from 4.25%-4.50% to 4.00%-4.25%, in line with market expectations. The Fed's interest rate announcement triggered a sharp market reaction, with the three major US stock indices rising briefly before quickly plunging. The US dollar index plummeted, briefly hitting a new low since 2025, before rebounding sharply, turning a decline into an upward trend. The sharp market volatility was closely tied to the subsequent monetary policy press conference held by Federal Reserve Chairman Powell. He stated that the 50 basis point rate cut lacked broad support and that there was no need for a swift adjustment. Today's move could be viewed as a risk-management cut, suggesting the Fed will not enter a sustained cycle of rate cuts. Powell reiterated the Fed's unwavering commitment to maintaining its independence. Market participants are currently unaware of the risks to the Fed's independence. The latest published interest rate dot plot shows that the median expectation of Fed officials is to cut interest rates twice more this year (by 25 basis points each), one more than predicted in June this year. At the same time, Fed officials expect that after three rate cuts this year, there will be another 25 basis point cut in 2026 and 2027.
Share
PANews2025/09/18 06:54