Interesting NFT market dynamics I noticed - Pudgy Penguins popped over 20% in a week while BAYC absolutely crushed it with an 81% run over the past month. Pretty wild considering the broader NFT space has been struggling lately. Checked the latest news on market data and April saw only $175M in sales, down from $304M back in February. Transaction volume and active users both dropped around 50%. But here's the thing - average sale prices actually more than doubled. So it's not really a recovery signal, more like money is getting concentrated into the blue-chip NFTs while everything else gets ignored. Capital is being selective right now, flowing only into the proven names. That's the real story behind the NFT market right now.

PENGU-0.95%
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