Bored Ape Yacht Club, lowest price in 20 months ── NFT market cooling and Ethereum falling | CoinDesk JAPAN

The floor price of the popular NFT collection Bored Ape Yacht Club (BAYC) fell to its lowest level since October 2021 on April 3rd, dipping below 30 ETH valuing to around 8,511,500 dollars. The data collected from OpenSea, a mainly used NFT Marketplace pointed out that this emergency came from four main causes; The overall cooling session of NFT market, decreasing Ethereum(ETH)’s price, distant Crypto winter and some other NFT collections such as Moonbirds, Azuki and so on are also encoutering this impasse. Furthermore, according to massive data aggregator CoinGecko, the bottom price of BAYC was on a rebound since it sank to 27.4 ETH up to 8,76,000 dollars. Prior to rush of NFT collection, the floor price of BAYC reached 68 ETH valuing approximately 15,562,500 dollars.

Data given by OpenSea and CryptoSlam from BAYC showed that, in the last 24 hours, this collection experienced 38% contraction till its medium reaching ETH trading rate of 1.2 million dollars while the floor price fluctuated to a stoppage concerning April. This emergency yielded 27 BAYC works dictated by numerous anonymous NFT collector. Reality implies that it did not set precedent since Jeffrey Huang surprisingly quitted 50 pieces of BAYC resulting according to Blur, a known marketplace a 19 set BAYC works eventually taken and reinvested for almost 651 ETH in worth.

Translation: CoinDeskJAPAN:Editing: Rinan Hayashi

Robert Wilson author
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