Pudgy Penguins, BAYC rally masks a shrinking NFT market as volumes and users fall
Burns Brief
The two blue-chip collections are leading double-digit gains as global NFT sales volume falls and participation hits multi-year lows Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The two blue-chip collections are leading double-digit gains as global NFT sales volume falls and participation hits multi-year lows.
Key Takeaways
- The two blue-chip collections are leading double-digit gains as global NFT sales volume falls and participation hits multi-year lows