Pudgy Penguins and BAYC, among other blue-chip NFTs, have been on the rise recently. Pudgy Penguins' floor price has climbed above 5 ETH, up over 20% in the past week, while BAYC's floor price has surged 81% in the past 30 days. However, CryptoSlam data shows that global NFT sales have dropped from approximately $304 million in February to about $175 million in April, with transaction counts and active users both down by nearly half. NFT trading activity is increasingly concentrated in a few blue-chip collections, with wash trading still accounting for around 50% of total volume. Some of the rebound is being driven by the rise in ETH and BTC. (CoinDesk) https://(wublock123.com)/news/pudgy-penguins-bayc-rebound-cant-hide-nft-market-contraction-60145