AltcoinsMarkets
|2 min ReadNFTs stage rebound after $1.2B wipeout in crypto crash
Maya Chen
Senior Analyst
Published
Jan 16, 2026
Whiplash and early rebound
The NFT market took a punch on Friday. It is already fighting back. According to CoinGecko, total sector value fell from 5.0 billion on Saturday, a nearly 20 percent slide that erased about 5.5 billion, a 10 percent bounce. At the time of writing, NFTs sit near $5.4 billion. This is how risk trades. Fast down, fast up, with liquidity the judge and jury. It is a tremendous reminder that sentiment moves the tape.
Leaders still in the red
Blue chips are not out of the woods. On Ethereum, Bored Ape Yacht Club is down 10.2 percent on the week. Pudgy Penguins is down 21.4 percent. Infinex Patrons and Fidenza by Tyler Hobbs show double-digit monthly losses. CryptoPunks, the largest by market value, is off 8 percent weekly and nearly 5 percent over 30 days.
There is some green on the 24-hour board. Hyperliquid’s Hypurr NFTs rose 2.8 percent. Mutant Ape Yacht Club added 1.5 percent. Selective buyers are stepping in, hunting value where floors cracked.
Related: Judge tosses lawsuit against Yuga Labs over failure to satisfy Howey test.
Flows signal resilience
Friday’s shock started at the top of crypto. Bitcoin plunged to 20 billion, surpassing prior crashes including the FTX collapse. CoinGecko data showed total crypto market cap drop from 3.78 trillion on Sunday, a wipeout of nearly 4.0 trillion. At press time, the market stands near $3.94 trillion.
The kicker for risk appetite came from the fund side. CoinShares reported $3.17 billion of inflows into crypto ETPs last week despite the flash crash. That is real capital.
Disclaimer: This document is intended for informational and entertainment purposes only. The views expressed in this document are not, and should not be taken as, investment advice or recommendations. Recipients should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance, which are not considered here, before investing. This document is not an offer, or the solicitation of an offer, to buy or sell any of the assets mentioned.