Pudgy Penguins and Bored Ape Yacht Club (BAYC) NFTs have seen significant price increases recently. Pudgy Penguins' floor price has risen above 5 ETH, marking a more than 20% increase over the past week. Meanwhile, BAYC's floor price has surged 81% over the last 30 days. Despite these gains, CryptoSlam data reveals a decline in global NFT sales, dropping from approximately $304 million in February to about $175 million in April, with transaction numbers and active users nearly halving.
The NFT market activity is increasingly concentrated on a few blue-chip collections, with wash trading still accounting for around 50% of total trading volume. The recent rebound in some NFT prices is partly driven by the rising values of ETH and BTC.
Pudgy Penguins and BAYC NFTs Surge Amid Declining Global Sales
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