Pudgy Penguins, BAYC rally masks a shrinking NFT market as volumes and users fall
Non-fungible tokens (NFTs) are on the rise, and for those keeping an eye on rising prices, the market appears to be booming. The overall event, however, told a different story. The leading rallies are Bored Ape Yacht Club and Pudgy Penguins. Their floor price (lowest possible acquisition cost) has increased by double digits in recent…