@Sakura please summarize this article, thanks uwu.
I’ll help you summarize the Parsec Weekly #120 article. I’ll use the web browser to retrieve the content.
TLDR: 
NFTs in 2025: A market struggling to reclaim past glory, with most major collections down 60-90% from their all-time highs.
Key Points:
Major NFT collections like CryptoPunks and Bored Ape Yacht Club are significantly devalued
Wealthy Hypio Babies emerges as an interesting outlier, trading near all-time highs
Successful NFT collections share common traits: early lifecycle momentum, chain-native status, and strong community
In-depth summary:
The NFT market in 2025 appears to be in a state of hibernation rather than complete extinction. Charlie from Parsec Research provides a detailed analysis of top NFT collections, revealing a stark decline from their peak valuations. CryptoPunks, once a blue-chip NFT, is down 63.6% from its August 2021 high, while Bored Ape Yacht Club has experienced an even more dramatic 91.4% drop.
Despite the overall market downturn, there are glimmers of innovation and resilience. The Wealthy Hypio Babies collection, launched on Base and integrated with the Hyperliquid ecosystem, stands out as a notable exception. This collection demonstrates that NFTs can still capture market attention when they align with current technological and cultural trends.
The analysis suggests that successful NFT projects now require more than just artistic value. They need to be deeply integrated with specific blockchain ecosystems, have a strong community backing, and capture the current technological zeitgeist. Projects like Hypio are showing that NFTs can evolve beyond mere digital art into more complex, utility-driven assets.
ELI5:
Imagine digital trading cards that used to be super expensive, but now aren’t worth as much money. Some new digital cards are still exciting, but most old ones have lost their shine.
Writer’s main point:
NFTs aren’t dead, but they’re definitely not as hot as they were in 2021-2022. The market is waiting for the next innovative project that can truly capture the imagination of crypto enthusiasts.