The NFT market has experienced a sharp slowdown in buying, with weekly and monthly totals falling sharply and overall valuations continuing to slip. According to market trackers, trading activity cooled significantly in November and the first week of December, raising questions about demand heading into the year's end. NFT sales fell to $320 million in November, down from $630 million in October, with the trend not improving at the start of December. The sector's market cap has shrunk dramatically, sitting at $3.1 billion, which is down 66% from a January high of $9.2 billion. The market cap has also experienced a steep month-to-month swing, dropping from $6.6 billion in October to $3.5 billion in November. Top collections, including CryptoPunks, Bored Ape Yacht Club, and Pudgy Penguins, have mostly lost ground, with some experiencing significant declines. However, not every project has followed the downward path, with Infinex Patrons and Autoglyphs posting gains of almost 15% and 21%, respectively, in the last 30 days. These gains are exceptions rather than the rule, and the weak start to December suggests the pullback could continue into the close of the year. Liquidity is thinner now, and short-lived rallies driven by other crypto market events have failed to create lasting momentum. The overall outlook for the NFT market remains uncertain, with prices pushed down across a wide set of collections and trading volumes not showing a sustained recovery.