In the last two months, OpenSea began to cool down from its New Year's bull run and many nonfungible token (NFT) pundits began to speculate about the beginning of a bear market once sales took a slight downward trend after closing out a record-breaking $5 billion in total volume sales in January.
However, for the last seven days, the total sales volume has already exceeded the $1 billion mark and just a week into April, it seems the NFT markets are waking up to a resurgence of blue-chip caliber projects. Cue the “spring awakening.”
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![Is the surge in OpenSea volume and blue-chip NFT sales an early sign of an NFT bull market?](https://d1-invdn-com.investing.com/content/pic40766c748c7e62bd7c70e2da0f59df20.jpg)