PANews reported on April 27th, citing CoinDesk, that despite double-digit price increases in blue-chip NFT series, with Pudgy Penguins surpassing 5 ETH and a weekly gain of over 20%, and Bored Ape Yacht Club rising 81% in the past 30 days, overall NFT market participation is shrinking. CryptoSlam data shows that global NFT sales fell from $304 million in February to approximately $175 million in April, with both transaction volume and active user numbers declining by nearly half. Meanwhile, the average selling price more than doubled from $30.60 in March to $67.38 in April. Wash trading still accounts for about 50% of total transaction volume, and overall transaction profits remain negative. The data indicates that the market is stabilizing but not yet expanding; prices are rising but participation is declining, with trading activity concentrated in a few top series. Some of the price increases actually reflect the overall rise in Ethereum and Bitcoin.