While many market participants reduced exposure as prices retraced, Weitsman continued allocating capital during periods of negative sentiment. He described the timing of the Meebits purchase as intentional, occurring during a broad market sell-off affecting both crypto assets and NFTs.
On-chain data and marketplace reports show that NFT trading volumes throughout 2024 and into 2025 remained well below prior cycle peaks. Liquidity increasingly concentrated around legacy collections with recognizable brands and clear ownership histories. This environment favored collectors focused on scarcity and long-term relevance rather than rapid turnover.
Weitsman has repeatedly stated that he has never sold an NFT. This approach contrasts with short holding periods common during earlier speculative phases and aligns with a growing group of collectors who treat NFTs as cultural assets connected to digital identity, gaming ecosystems, and media development.
