The two blue-chip collections are leading double-digit gains as global NFT sales volume falls and participation hits multi-year lows. Floor prices for blue-chip NFT collections like Bored Ape Yacht Club and Pudgy Penguins have surged double digits, with Pudgy Penguins above 5 ETH and BAYC up 81 percent over the past month. Despite rising prices, overall NFT market participation is shrinking, as global sales, transactions and active users have nearly halved since February while average sale pric…
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