NFT Sales Plunge to $91.96M as Buyers Drop 58%

- Weekly NFT sales volume dropped to $91.96 million, the lowest since mid-June. - Unique buyers decreased by 58%, while average sale prices fell from $104 to $72. On September 8, 2025, Cointelegraph reported that NFT sales fell to a three-month low of $91.96 million amid a 58% drop in buyers. Weekly sales volume sank to its lowest level since mid-June, while the number of unique buyers fell sharply to 199,821 from a peak of 487,264. A considerable decrease in the average NFT sale price also indicates a market contraction, falling to $72 during the first week of September—a 30% reduction from the August average of $104. Nevertheless, total transactions remained high at 1.27 million, which suggests that trading activity continues at a steady pace even while values have decreased. In contrast, the NFT market showed vigorous momentum throughout July and August, when weekly sales consistently exceeded $115 million. This strong performance was supported by higher adoption rates, including the establishment of a permanent NFT art gallery in Ibiza and increased activity on Coinbase's layer-2 network, Base. According to CoinMarketCap, Ethereum (ETH) was trading at $1,742 as of 12:00 UTC on September 8. Its 24-hour trading volume had also declined by 1.7%.