NFT Market Declines with Trading Volume Plummeting to $73 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 29 2025- Volume Decline: Over the past 30 days, OpenSea generated a trading sales volume of $73 million, accounting for 53% of the total trading volume across the top five NFT marketplaces, indicating increasing market concentration and diminishing relevance of smaller platforms.
- Price Drop: During the ongoing NFT winter, the floor price of the Mutant Ape Yacht Club has plummeted by 30% to 0.59 ETH, reflecting a significant depreciation in the value of top NFT collections, which may undermine investor confidence.
- Market Shift: Despite the downturn in the NFT market, traders have redirected their focus to Solana-based memecoins like Dogecoin and Shiba Inu, indicating a trend where market participants are seeking quick trades and short-term gains.
- Emerging Trading Activity: Emerging memecoins on Solana are experiencing sustained high trading volumes; despite smaller market caps, low transaction fees and fast settlements attract numerous traders, maintaining market activity.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
