Meme coin and NFT both fell to their lowest valuations of the year, with traders fully withdrawing from speculative assets.

BlockBeats news, on November 21, the Meme coin market fell to its lowest valuation in 2025, with a total market capitalization dropping to $39.4 billion, evaporating over $5 billion within 24 hours, a decline of about 66.2% from the historical high of $116.7 billion set on January 5. The top Meme tokens suffered heavy losses across the board, with the top ten Meme coins showing declines in the past hour, 24 hours, and 7 days. DOGE and SHIB recorded double-digit drops, while TRUMP had the smallest decline, still falling by 11.65%. The total market capitalization of NFTs today dropped to $2.78 billion, down 43% from $4.9 billion 30 days ago, marking the lowest point since April. Over the past 30 days, most of the top ten NFT series recorded double-digit declines, with the largest drop being 41.1% from the Hyperliquid Hypurr NFT series. Additionally, Moonbirds fell by 32.7%, CryptoPunks fell by 27.1%, and Pudgy Penguins dropped by approximately 26.6%. Simultaneously, the total market capitalization of the entire crypto market declined from $3.77 trillion on November 1 to $2.96 trillion, evaporating $800 billion in three weeks.