@teolipeng14
The NFT market has experienced a turbulent period, with mixed signals of recovery and ongoing challenges. After a peak in 2021-2022, sales plummeted, reaching a low of $498 million in February 2025, down 50% from the previous month, reflecting a strong correlation with declining crypto prices. However, recent data shows signs of thawing: November 2024 saw sales climb to $562 million, a 57.8% increase from October, driven by blue-chip collections like CryptoPunks and Pudgy Penguins. Despite this, the market remains far below its peak, with cautious optimism tempered by volatility and reduced buyer numbers
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