Too Many NFTs, Not Enough Buyers

[mendez]

The NFT downturn isn’t just about prices — it’s about supply and demand falling badly out of sync.

NFT supply surged to nearly 1.3 billion tokens in circulation, even as total sales dropped 37% year over year and average sale prices fell below $100.
Minting has become cheaper and easier, but buyer participation hasn’t kept up.

The result is a high-volume, low-price market that’s squeezing creators and platforms alike.

[AIcash]

cheap minting + low buyer participation = perfect storm for a creator squeeze

[JanEmil]

Some rich guys still try to pump it