Cryptocurrency News
Nifty News: BAYC floor price drops 50%, Lonely Apes doesn’t attract women, and more
2022.05.19 11:41
Nifty News: BAYC floor price drops 50%, Lonely Apes doesn’t attract women, and more
Prices throughout the nonfungible token (NFT) market have suffered amid the broader market downturn, with the floor price of the Bored Ape Yacht Club (BAYC) collection dropping more than 50% since the beginning of this month.
BAYC’s floor price dipped to $198,000 on Wednesday, signaling a 52% drawdown in dollar-denominated valuation from May 1, where the cheapest available Bored Ape cost $420,000. The lackluster market conditions also took their toll on the total number of BAYC sales, with sale volume down 117% week-on-week.
