NFT and Memecoin Markets Rebound After a Month-Long Crypto Slump

• NFT market cap jumps from $3.5B to $3.9B, marking a 12% weekly gain
• Memecoin market expands from $47B to $52B, up 11% in a week
• Select NFT blue chips like CryptoPunks, MAYC, and Milady Maker lead recovery
• Memecoin rally broadens across DOGE, SHIB, PEPE, BONK, and WIF
• Recovery signals return of risk appetite amid lingering market uncertainty

After a month of stagnation and declining activity, both the NFT and memecoin markets are showing strong signs of recovery. The rebound comes as broader risk sentiment across the crypto space improves, sparking renewed interest in speculative assets.

According to data from CoinGecko, the global NFT market capitalization climbed from around $3.5 billion on Nov. 5 to $3.9 billion, representing an almost 12% increase in just one week. Meanwhile, CoinMarketCap data showed that the total market cap of memecoins surged from $47 billion to $52 billion, an 11% gain over the same period.

The market bounce coincides with traders rotating back into higher-risk assets following weeks of subdued activity. Despite macro uncertainties, such as the ongoing U.S. government funding deadlock, the appetite for speculative plays appears to be returning. This marks a notable reversal after the NFT market’s steep 46% decline from Oct. 5 to Nov. 5.

While the recovery is widespread, it’s not uniform. Sales data from CryptoSlam reveals that only a subset of top NFT collections recorded meaningful sales growth. CryptoPunks sales rose by 22.8%, reaching nearly $3 million, while Mutant Ape Yacht Club (MAYC) and Milady Maker climbed 36.5% and 80%, respectively. Smaller projects like Lil Pudgys and Polygon-based Courtyard also logged moderate gains of 24% and 14%.

However, not all major names joined the rally. Bored Ape Yacht Club (BAYC), Pudgy Penguins, and Moonbirds continued their decline, with weekly sales dropping by 10.3%, 23%, and 2%, respectively. Among top NFT blockchains, only BNB Chain (+53%), Polygon (+9.3%), and Flow (+43%) recorded increases, while others saw losses ranging from 6% to 42%.

This mixed performance suggests the NFT rebound remains narrowly concentrated among stronger blue-chip collections, while broader liquidity and trader participation remain thin.

In contrast, the memecoin sector saw a much broader rally across all major tokens. Dogecoin (DOGE) climbed 8.7%, Shiba Inu (SHIB) rose 10.4%, and Pepe (PEPE) added 7%. On Solana, Bonk (BONK) gained 11.8%, while Dogwifhat (WIF) jumped 14.2%. Interestingly, Donald Trump’s official memecoin also led the pack with a 14.2% increase, becoming the strongest performer among large-cap memecoins.

Overall, the rebound across NFTs and memecoins points to a resurgence of speculative sentiment in the crypto market. While the recovery remains fragile and uneven, it signals that investors are gradually regaining confidence and positioning for potential upside as market volatility stabilizes.

Final Thought:

The recent rebound in NFT and memecoin markets shows that traders’ appetite for risk is back — at least for now. But the uneven distribution of gains suggests the market is still selective, rewarding projects with strong communities and liquidity while leaving weaker ones behind. Whether this marks the start of a broader trend or just a short-term relief rally remains to be seen.