← Narratives
BEARISH STABLE ETH

NFT Market Volume Collapse

The NFT market has significantly cooled since early 2022, with current sales volumes much lower than previous peaks.

ARTICLES1
SOURCES1
SHARE0.0%
MOMENTUM 0pp
FIRST SEENJun 9, 2026
LAST SEENJun 9, 2026
→ TRAJECTORY Quiet

Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.

COVERAGE OVER TIME
0.0%7.5%15.0% Jun 9Jun 13Jun 17Jun 21Jun 25Jun 29Jul 3Jul 7Jul 11
COVERAGE MIX
Niche 1
RELATED THEMES

Themes moving alongside this one — where the same story is bleeding across assets, and where it's contested.

⇄ CROSS-ASSET Tech Sector Rotation Consolidation Phase NEUTRAL NDX ⇄ CROSS-ASSET SPX Rally Durability Amid Geopolitical Easing BULLISH SPX ⇄ CROSS-ASSET Nasdaq Historic Snapback Rally Momentum BULLISH NDX ⇄ CROSS-ASSET NVIDIA Valuation Below Dot-Com Peak BULLISH NVDA ⇄ CROSS-ASSET Nvidia Near-Term Underperformance Signal BEARISH NVDA ≈ RELATED ETH momentum is cooling despite recent recovery, with weakening buyer control indicated by technical indicators suggesting a clean break above $1,800 is needed to regain stronger bullish trend. BEARISH ETH
SOURCE EVIDENCE

"The NFT market has cooled considerably since early 2022, when Bored Apes routinely traded above $300,000. At that time, daily sales volumes for Ethereum NFTs routinely exceeded more than $100 million per day according to data from CryptoSlam. By comparison, the top sales volume day in 2026 stands at just $32.3 million."

Decrypt crypto_media Source article