- NFT market lost $1.2 billion in value during Friday’s crypto crash but partially recovered to $5.4 billion by Monday.
- Top Ethereum NFT collections like BAYC, Pudgy Penguins and CryptoPunks remain in the red despite weekend rebounds.
- Crypto investment products showed resilience, attracting $3.17 billion in inflows despite widespread market volatility.
The non-fungible token (NFT) market is showing tentative signs of recovery after a severe downturn that erased nearly $1.2 billion in market capitalization during Friday’s crypto market crash.
According to CoinGecko data, the overall valuation of NFTs across blockchains dropped from $6.2 billion on Friday to $5 billion on Saturday, representing a nearly 20% decline in just 24 hours. However, the market began stabilizing as broader crypto assets rebounded over the weekend.
By Sunday, NFT valuations had risen to $5.5 billion, marking a 10% recovery, before settling around $5.4 billion at the time of writing. Analysts say the quick rebound underscores the NFT sector’s sensitivity to crypto market movements but also its growing maturity and ability to attract selective buyers even amid volatility.
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Top Ethereum collections remain in the red
Despite the partial recovery, leading Ethereum-based NFT collections continued to trade lower over the seven- and 30-day periods.
The Bored Ape Yacht Club (BAYC) and Pudgy Penguins saw declines of 10.2% and 21.4%, respectively, over the past week, while projects like Infinex Patrons and Fidenza by Tyler Hobbs posted double-digit losses on monthly charts.
Meanwhile, CryptoPunks, the top NFT collection by market capitalization, was down 8% weekly and 5% on a 30-day basis. Some collections, however, managed modest rebounds: Hyperliquid’s Hypurr NFTs gained 2.8%, and Mutant Ape Yacht Club (MAYC) rose 1.5% in the past 24 hours, suggesting selective reentry by investors.
Crypto markets and investment products rebound
Friday’s broader crypto crash began when Bitcoin (BTC) plunged to $102,000 in Binance perpetual futures after US President Donald Trump announced 100% tariffs on China, following the country’s new export restrictions on rare earth minerals.
The sudden downturn triggered $20 billion in liquidations, one of the largest in crypto history, temporarily wiping out $460 billion from global crypto market capitalization.
However, markets recovered to around $4 trillion by Monday, led by institutional demand and steady inflows into crypto exchange-traded products (ETPs).
According to CoinShares, ETPs recorded $3.17 billion in inflows last week, demonstrating investor confidence and the resilience of institutional-grade crypto products even amid heightened volatility.
NFT resilience signals cautious optimism
While the NFT market remains under pressure, its rebound from Friday’s steep losses points to underlying demand and improved market infrastructure. Analysts suggest that long-term holders and institutions may soon return to blue-chip collections as volatility eases, positioning NFTs for a steadier recovery in the coming weeks.
