NFT sales plummet 33% to $119.5m, Pudgy Penguins still in lead
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Feb 08 2025NFT Market Decline: The NFT market has experienced a significant downturn, with total sales volume dropping 33% to $119.5 million amid a broader crypto selloff, leading to a decrease in both prices and trading activity across major collections.
Leading Collections Performance: Pudgy Penguins remains the top collection despite a 37.55% drop in sales, while other notable collections like CryptoPunks and Azuki saw substantial declines, highlighting a general trend of reduced buyer interest and transaction volumes in the NFT space.
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.
