Summary
TLDR: Bored Ape Yacht Club’s floor price drops to new low of 10.89 ETH, reflecting overall decline in Ethereum NFT sector. Bitcoin Ordinals dominate sales volume, with Ethereum NFT sales decreasing. Some high-value CryptoPunks sold recently, sparking interest in Ethereum NFT market.
Key Points
1. Bored Ape Yacht Club (BAYC) experienced a significant drop in its floor price, falling to 10.89 ETH, a decrease of 12.08% in one day and 90% from its peak.
2. Despite a slight rebound to 11.12 ETH, data from OpenSea shows BAYC’s floor price at 11.99 ETH, approximately $36,893, highlighting the volatile nature of the NFT market.
3. The decline in BAYC’s valuation reflects a broader downturn in the Ethereum NFT sector, with Bitcoin Ordinals dominating sales volume, showcasing a shift in market dynamics.