Pudgy Penguins, BAYC rally masks a shrinking NFT market as volumes and users fall
The two blue-chip collections are leading double-digit gains as global NFT sales volume falls and participation hits multi-year lows.
Despite the rally in Pudgy Penguins and BAYC, the overall decline in NFT market volumes and users suggests a bearish trend may continue. Prices may face downward pressure as broader market participation remains low.
The two blue-chip collections are leading double-digit gains as global NFT sales volume falls and participation hits multi-year lows.
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