The NFT market is rebounding, with over $800 million in transactions last month, driven by blue-chip collections and the launch of the PENGU memecoin. Despite a resurgence, prices remain significantly below previous highs, and regulatory scrutiny continues, highlighted by recent Wells Notices against OpenSea and CyberKongz. The anticipated return of Donald Trump to the presidency is expected to enhance market sentiment and regulatory conditions for blockchain technologies, fostering further growth and adoption in the NFT space.