Different crypto markets confronted one in every of their sharpest downturns of the 12 months on Friday as meme cash and NFTs collectively erased billions in worth, extending a multi-week decline throughout the broader digital asset sector.
In keeping with knowledge from CoinMarketCap and CoinGecko, speculative belongings have fallen to their lowest valuations of 2025, monitoring heavy losses in Bitcoin, Ethereum, and different main cryptocurrencies.
Meme Coin Market Crashes 66% From January Peak Amid Broad Crypto Promote-Off
The meme coin sector was among the many hardest hit. Market capitalization for the class plunged to $39.4 billion, down from $44 billion the day past, wiping out practically $4.6 billion in 24 hours regardless of a 40% enhance in buying and selling quantity.
The sell-off deepens a drawdown that started after the sector peaked at $116.7 billion on Jan. 5. Friday’s valuation now displays a 66.2% decline from that prime.
Throughout main tokens, losses have been widespread. Dogecoin traded at $0.1426, with hourly good points failing to offset a 4.21% every day decline and a 12.88% weekly slide. Shiba Inu adopted the same sample at $0.000057987, down 14.04% on the week.
Pepe, Bonk, and Floki all posted steeper weekly declines of greater than 17%, whereas Dogwifhat noticed one of many deepest drops, at 21.13%, over the seven-day interval.
Buying and selling exercise, nevertheless, remained concentrated within the largest belongings, with Dogecoin recording practically $3.95 billion in 24-hour quantity in comparison with the single-digit hundreds of thousands seen throughout smaller tokens.
Solely a handful of belongings confirmed pockets of resilience. The Official Trump token rose throughout hourly and every day timeframes however nonetheless ended the week down 13.53%, whereas SPX6900 remained the one main meme coin to finish the week in constructive territory, up 14.04% regardless of short-term losses.
Broader market weak point added to the strain. The entire crypto market capitalization fell to $2.99 trillion, a 2.2% drop from the prior day and down from $3.77 trillion on November 1, erasing roughly $800 billion in simply three weeks.
Bitcoin traded at $85,023, down practically 15% on the week however down sharply from latest highs, whereas Ethereum hovered round $2,785, mirroring Bitcoin’s weekly losses however reflecting the broader volatility in large-cap belongings.
Solana and BNB additionally posted double-digit weekly losses, although neither reversed the month’s downward momentum.
World NFT Market Cap Drops 43% in a Month, Hitting $2.78B Low
The NFT market continued to slip in parallel with meme cash. CoinGecko knowledge reveals that the worldwide NFT market cap dropped to $2.78 billion on Friday, a 43% decline from its $4.9 billion stage 30 days earlier.
This marks the bottom NFT market valuation since April and locations digital collectibles down greater than 80% from their early-2022 peak close to $17 billion.
Lengthy-term charts point out that the NFT market is coming into a protracted correction. After surging to multi-billion-dollar heights through the 2021 growth, the sector has spent most of 2023 to 2025 in a tightening vary, with intermittent rallies failing to maintain momentum.
Current quantity stays skinny, with $3.99 million traded globally in 24 hours, exhibiting decreased liquidity throughout chains.
Most main collections posted deep month-to-month losses. Hyperliquid’s Hypurr NFTs fell 41.1% over 30 days, Moonbirds dropped 32.7%, and CryptoPunks sank 27.1%, regardless of remaining the highest-valued assortment with a ground of 29.89 ETH.
Pudgy Penguins declined 26.6%, although they retained good points over the previous 12 months. Solely two collections bucked the pattern: Infinex Patrons, up 11.3%, and Autoglyphs, which held practically flat.
Chain-level exercise mirrored related traits. Ethereum continued to dominate NFT commerce quantity, accounting for 62.4% of the week’s $38.5 million in transactions, whereas HyperEVM, Base, and Solana adopted at decrease ranges.
Month-to-month consumer exercise was strongest on Base, which recorded 253,000 energetic merchants, far surpassing Ethereum and Solana.
Amid the collapse, marketplaces are adjusting. OpenSea, as soon as the chief of the NFT growth, has rebranded right into a multi-chain crypto buying and selling aggregator after volumes throughout the sector dropped by greater than 90% from 2021 ranges.
The platform processed $1.6 billion in crypto trades and $230 million in NFT transactions within the first half of October, its strongest month in additional than three years, because it expands into broader asset buying and selling.
The put up Different Crypto Belongings Crash to 2025 Lows as Meme Cash Shed $5B and NFTs Down 43% appeared first on Cryptonews.