OpenSea's Rise and Fall: A Deep Dive into the NFT Giant's SEC Battle and Market Struggles

OpenSea's Rise and Fall: A Deep Dive into the NFT Giant's SEC Battle and Market Struggles

As a crypto analyst who's seen bull runs come and go, OpenSea's story is a cautionary tale of hype versus sustainability. From its meteoric rise as the NFT marketplace leader to its current legal battles with the SEC and plummeting valuations, this article unpacks what went wrong. Drawing from insider interviews and market data, I'll explain how regulatory pressures, internal mismanagement, and fierce competition have left OpenSea fighting for survival - and what it means for the future of NFTs.