PANews April 27 news, according to CoinDesk reports, although the floor price of blue-chip NFT series has seen a double-digit increase, Pudgy Penguins has surpassed 5 Ethereum, with a weekly increase of over 20%, and the Bored Ape Yacht Club has risen 81% in the past 30 days, the overall participation in the NFT market is shrinking. CryptoSlam data shows that global NFT sales dropped from $304 million in February to about $175 million in April, with both trading volume and active users decreasing by nearly half, while the average selling price doubled from $30.60 in March to $67.38 in April. Wash trading still accounts for about 50% of total trading volume, and overall trading profits remain negative. Data indicates that the market is stabilizing but has not yet expanded, prices are rising but participation is declining, and trading activity is concentrated in a few leading series, with some increases actually reflecting the overall rise in Ethereum and Bitcoin.

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