Moonbirds

Pudgy Penguins

Shiba Inu

The non-fungible token (NFT) and memecoin markets experienced modest rebounds over the past week, coinciding with a broader improvement in risk sentiment across the cryptocurrency space.&nbsp;
On Tuesday, CoinGecko data <a href="https://www.coingecko.com/en/nft" rel="noopener noreferrer nofollow" target="_blank">showed</a> the global NFT market capitalization recovered from about $3.5 billion on Nov. 5 to $3.9 billion at the time of writing, an almost 12% increase in a week.
The story was similar for memecoins. CoinMarketCap data <a href="https://coinmarketcap.com/view/memes/" rel="noopener noreferrer nofollow" target="_blank">showed</a> the combined valuation of memecoins expanded from $47 billion to $52 billion, representing a roughly 11% increase over the same time period.&nbsp;
The movements reflect a return of speculative appetite to the markets. Traders appear to be rotating back into higher-risk assets after weeks of subdued activity, even as macro uncertainty, driven by the <a href="https://cointelegraph.com/news/bitcoin-chatter-surges-as-price-recovers-us-govt-shutdown-nears-end" rel="noopener noreferrer nofollow">unresolved US government funding deal</a>, continues to loom.&nbsp;
The week’s bounce comes after a steep decline in the overall NFT market cap. As Cointelegraph previously reported, the <a href="https://cointelegraph.com/news/nfts-hit-the-brakes-market-cap-drops-46-in-30-days" rel="noopener noreferrer nofollow">global NFT market value dropped 46%</a> from Oct. 5 through Nov. 5.&nbsp;
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 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a722e-0c1f-78eb-b8f4-0ca6c533915d" title="" alt="NFT and memecoin markets recover after month-long crypto slump">
 <figcaption style="text-align: center;">
 Seven-day global NFT market cap chart. Source: CoinGecko
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<h2 id="not-all-blue-chip-nfts-recovered">Not all blue-chip NFTs recovered</h2>
Sales data tracker CryptoSlam <a href="https://www.cryptoslam.io/" rel="noopener noreferrer nofollow" target="_blank">shows</a> that only a subset among the top 20 NFT collections logged meaningful sales increases.&nbsp;
The data showed that CryptoPunks experienced a 22.8% increase in seven-day sales, reaching nearly $3 million, while Mutant Ape Yacht Club and Milady Maker jumped 36.5% and 80%, respectively.&nbsp;
The Polygon-based Courtyard also increased by over 14%, while smaller Ethereum projects, such as Lil Pudgys, gained roughly 24%.&nbsp;
In contrast, major names like the Bored Ape Yacht Club (BAYC), Pudgy Penguins and Moonbirds continued to decline. BAYC’s sales dropped by 10.3% in the last week, while Pudgy Penguins and Moonbirds saw 23% and 2% declines, respectively.&nbsp;
Among the top 10 blockchains by NFT sales, a majority recorded sales volume losses ranging from 6% to 42%. However, three chains stood out during the week, which included BNB Chain (+53%), Polygon (+9.3%) and Flow (+43%).&nbsp;
The split in performance underscores how the current NFT uptick is concentrated among a few collections with stronger momentum, while broader liquidity and trader participation remain more limited.&nbsp; 
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a722e-11b5-790b-ba3e-72cf9e988e57" title="" alt="NFT and memecoin markets recover after month-long crypto slump">
 <figcaption style="text-align: center;">
 Blockchain by NFT sales volumes. Source: CryptoSlam
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Related: <a href="https://cointelegraph.com/news/counter-strike-s-cosmetic-market-collapse-shows-use-case-for-nfts-in-gaming" rel="noopener noreferrer nofollow">Valve’s Counter-Strike 2 update crashes $5.8B economy, revives NFT debate</a>
<h2 id="memecoin-gains-spread-widely-across-the-sector">Memecoin gains spread widely across the sector</h2>
Unlike NFTs, where gains were concentrated among select collections, the memecoin sector exhibited a much broader uptick, with all the top 10 memecoin tokens by market capitalization recording gains over the last seven days.&nbsp;
Dogecoin (<a href="https://cointelegraph.com/doge-price-index" rel="noopener noreferrer nofollow">DOGE</a>) climbed 8.7% in the past week, while Shiba Inu (<a href="https://cointelegraph.com/shiba-inu-price-index" rel="noopener noreferrer nofollow">SHIB</a>) and Pepe (<a href="https://cointelegraph.com/pepe-price-index" rel="noopener noreferrer nofollow">PEPE</a>) gained 10.4% and 7%, respectively. Top Solana memecoins, such as Bonk (BONK), increased by 11.8%, while Dogwifhat (WIF) showed a 14.2% gain.
US President Donald Trump’s official memecoin token was the strongest gainer among large-cap memecoins, with a 14.2% gain in the last seven days.&nbsp;
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a722e-17d8-7f01-82ae-e501d3242e78" title="" alt="NFT and memecoin markets recover after month-long crypto slump">
 <figcaption style="text-align: center;">
 Top memecoins by market capitalization. Source: CoinMarketCap
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Magazine: <a href="https://cointelegraph.com/magazine/youtube-web3-gaming-content-cambria-yuga-labs-animoca-brands-gamer/" rel="noopener noreferrer nofollow">YouTube’s Web3 gaming content ban, Animoca to list on Nasdaq: Web3 Gamer</a>

NFT and memecoin markets recover after month-long crypto slump

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