NFT Market Cap Plummets: A 46% Dive in Just 30 Days

The NFT market has experienced a dramatic downturn, with its total valuation plummeting by a shocking 46% in just the past 30 days. From nearly $6.6 billion to approximately $3.5 billion, this represents one of the most significant declines observed in recent history. This decline signals a weakening in investor confidence and market correction as trading volumes decrease, new projects emerge fewer, and floor prices for even the most popular collections have fallen.