A video proclaiming the death of sneakers has been viewed over 8 million times on TikTok, shared by Hidden Realm, the owner of a sneaker store in California.

The sneaker game has undoubtedly changed in comparison to recent years. According to the outlet Resell Calendar, in 2020, 58 percent of sneakers were trading above retail on secondary platforms. As of 2024, that number was down to 47 percent.

But is the sneaker market really crashing? Newsweek spoke to the experts to find out more.

Why It Matters

Over the past 10 years, sneakers have evolved from a niche collectors' hobby to a mainstream asset class, as streetwear took the fashion world by storm. Limited-edition drops, celebrity collaborations, and the rise of platforms like StockX, GOAT, and Flight Club made reselling more acce

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