Just been looking at the NFT market data and there's something weird going on. Yeah, Pudgy Penguins broke past 5 ETH and BAYC is up like 81% over the last month, which sounds bullish on the surface. But here's the thing - the actual market participation is tanking. Sales volume dropped from $304 million back in February down to around $175 million by April, and the number of active users got cut roughly in half. So prices are pumping but fewer people are actually trading? That's the opposite of healthy market expansion. The average selling price did jump from $30 to over $67, but when you dig into it, wash trading is still eating up about half of all volume. Transaction profits across the board are still in the red. What I'm seeing is basically a concentrated rally in a few blue-chip NFT collections while the broader market shrinks. Some of those price gains might just be riding the Bitcoin and Ethereum wave anyway. The market's stabilizing maybe, but it's definitely not growing - just getting more top-heavy with less participation overall.