BAYC Floor Price Plunges 90% From Historical High: Are Ethereum NFTs Losing Their Luster?

Bored Ape Yacht Club (BAYC), once a flagship collection in the Ethereum non-fungible token (NFT) market, witnessed its floor price tumble to a new low. Recent data from Blur indicates that the BAYC’s floor price momentarily dipped below 11 Ethereum (ETH), settling at 10.89 ETH. This dip signifies a steep decline of 12.08% in just one day. Furthermore, it represents a staggering drop of... source: https://beincrypto.com/bayc-nft-floor-price-drops/