These Top NFT Collections Are Crashing Harder Than The Crypto Market

The non-fungible token (NFT) market appears to have taken a much bigger hit from the recent crypto crash, with total market capitalization plummeting in the past 24 hours.

The Cryptocurrency market blood bath has also extended into its second week now, and is showing no signs of slowing down.

Bored Apes, Azuki NFT prices tumble

According to CoinMarketCap, total NFT market capitalization has decreased by over 61% in the last 24 hours. The NFT’s cumulative capitalization now stands at $10.5 billion. NFT sales have also suffered through the crash, and are down by over 8% in the last 24 hours to stand at 19,262.

The major NFT projects like Bored Ape Yacht Club (BAYC), Otherdeed for Otherside and MoonBirds took the market by storm. They even outperformed many top cryptocurrencies in the market at a time. However, the recent market sentiment has proven bad for the digital asset market.

BAYC’s average sales have been down by over 25% in the last 7 days. Its floor price plummeted to 102.6969 ETH which is down by 4% in the same time period. The Otherdeed for Otherside average sales has also plunged by a whopping 30% in the past 7 days as its floor price has come down to 3.0177 ETH. The floor price has fallen by 10% in the same time.

Popular collection Azuki is among the worst performers this week, after its founder revealed they had ties to older, abandoned NFT projects. The collection’s floor price has nearly halved in value this week, amid widespread selling.

Ethereum crash also pressures market

Ethereum (ETH) is down by 17% in the last 7 days, trading at an average price of $2,360, at the press time. Given that most major NFT collections are on the ETH blockchain, a crash in ETH prices has also severely affected the dollar valuations of major NFT projects.

On the other hand, the largest cryptocurrency Bitcoin (BTC) has decreased by 20% in the last 7 days. BTC is trading at an average price of $30,900, at the press time. As the market decline continues, BTC prices have decreased by over 50% since it touched its ATH in November.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.