Pudgy Penguins, BAYC Floor Prices Surge Amid NFT
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- Pudgy Penguins floor price climbs above 5 ETH, up over 20% in a week with 201 sales and nearly 1,000 ETH in volume
- Bored Ape Yacht Club floor surges 81% in 30 days amid a broader market decline in transactions and user activity
- Global NFT sales fell to $175 million in April from $304 million in February while average sale price more than doubled
Why it matters: Blue-chip NFT holders gain on paper as floor prices rise, but the market loses depth — with active users down nearly 50% and wash trading still prevalent, long-term sustainability weakens.
