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It's true, 95% of NFTs are dead. I've been in the industry for over 3 years now. NFTs were treated as a financial instrument for speculative investments, which obviously is the symptom of 95% Non-fungible tokens (NFTs) made a comeback in November after dipping for seven consecutive months, hitting $563 million in monthly volume as the positive momentum 24 de sept. de 2025 When it comes to cryptocurrency, NFTs have been dubbed the rising stars of the growing market over the past few years. However, a new study by dappGambl has 25 de sept. de 2025 Recent data reveals a stark decline in NFT market values with a majority now deemed worthless, trading at a market cap of zero Ethereum. An extensive analysis

NFT Market Paradox: Why Are Top NFTs Down 95% While Holders Increased 90%?

You\'ve probably heard the headlines: top NFTs are down 95%, but NFT holder numbers are up 90%. This seemingly contradictory trend is perplexing many in the crypto and Web3 space. What\'s going on?

Understanding the NFT Landscape: A Rollercoaster Ride

For years, NFTs were dubbed the rising stars of the cryptocurrency market, attracting massive hype and speculative investment. It\'s true, 95% of NFTs are dead. I\'ve been in the industry for over 3 years now. NFTs were treated as a financial instrument for speculative investments, which obviously is the symptom of unsustainable growth. Many early projects promised the moon, but failed to deliver utility or lasting value, leading to a significant price correction.

The Great NFT Correction: A Harsh Reality

Recent data reveals a stark decline in NFT market values with a majority now deemed worthless, trading at a market cap of zero Ethereum. An extensive analysis by dappGambl highlights the sheer number of projects that have essentially vanished, leaving investors with digital assets holding little to no monetary value.

So, Why the Increase in Holders?

Despite the plummeting prices, several factors contribute to the increase in NFT holders:

  • New Entrants Seeking Opportunity: The lower entry points attract newcomers hoping to find the next big thing. They see the price drop as a buying opportunity.
  • Free or Low-Cost NFTs: Many projects airdrop NFTs or offer them at very low prices to build communities. These are often counted as "holders" even if the actual investment is minimal.
  • Increased Awareness: Even with negative press, general awareness about NFTs has increased, leading to more curiosity and experimentation.
  • Utility Beyond Investment: Some NFTs offer real-world utility, such as access to exclusive events, communities, or digital experiences. These holders are less concerned with short-term price fluctuations.
  • NFTs made a comeback: NFTs made a comeback in November after dipping for seven consecutive months, hitting $563 million in monthly volume as the positive momentum 24 de sept. de 2025. This resurgence suggests renewed interest, even if concentrated in specific projects.

The Future of NFTs: Utility and Community are Key

The market correction is forcing a shift away from purely speculative NFT trading. The future of NFTs lies in building strong communities and offering real, tangible utility beyond simple digital ownership. Projects that focus on these aspects are more likely to weather the storm and provide long-term value for their holders.

While the 95% drop in value and 90% increase in holders presents a confusing picture, it\'s a reflection of a maturing market. The days of easy riches are likely over, but for those focused on utility and community, the NFT space still holds significant potential.

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