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NFT market downtrend sees lower floor prices for leading collections like BAYC and Pudgy Penguins https://t.co/UJnUsPLHpz
Why NFTs are seeing a 66% slump in trading even as Ethereum rallies https://t.co/n91g0qU9zX
🧵1/ 📉 In a surprising turn despite a bullish crypto market, Yuga Labs' #NFT collections like Bored Ape Yacht Club (BAYC) are seeing a decline in value. This thread will dissect the why, the impact on investors, and the broader implications for the NFT market. #BAYC #Crypto https://t.co/o5qawRSi2D
The Bored Ape Yacht Club and other Ethereum NFTs from Yuga Labs are experiencing a decline in value despite a bullish crypto market. Long-term NFT holders are feeling the impact, with prices falling to multi-year lows. The NFT market is seeing a 66% slump in trading even as Ethereum rallies, leading to lower floor prices for collections like BAYC and Pudgy Penguins.
