NFT prices and trading volumes have experienced a significant downturn following OpenSea's initial XP crate distribution. Notable collections such as Bored Ape Yacht Club and Pudgy Penguins have seen their values plummet by over 50% since the summer. OpenSea's NFT trading volumes have decreased by 48% in the past week, with Bored Ape Yacht Club now trading at 6.55 ETH, its lowest level since 2021, and Pudgy Penguins down 80% from their December peak. Azuki's floor price has also dropped dramatically from over 35 ETH to 1.08 ETH. Despite OpenSea CEO Devin Finzer's announcement of a strategic shift towards token trading, the move has not stemmed the decline. New collections like Hypurrs have also suffered significant price reductions, and DEX aggregator volumes have fallen sharply since the conclusion of the XP campaign.