Let's have a real talk about the NFT market.

Here's my honest take: don't expect an NFT bull run anytime soon. More sobering still, a genuine market cycle might not materialize for quite a while.

Forget the hype. Look at the data instead.

Take Pudgy Penguins as a case study. Its all-time high hit 27 ETH. That's the hard evidence. Yet despite the optimism floating around crypto circles, major NFT collections haven't shown the momentum needed to spark a broader rally. The market fundamentals simply aren't there right now.

The cycle that once drove NFT mania? That machine isn't firing anymore. Until collector sentiment shifts and utility actually becomes meaningful, we're stuck in a prolonged consolidation phase. It's not the narrative people want to hear, but it's the reality we're facing.