NFT prices misfire as OpenSea daily active user volume drops 30% in a

While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics.

Are we beginning to see a lull in trader activity as a sign of an impending market pullback or are investors and collectors taking their trading activity elsewhere?