Bored Ape Yacht Club NFT Floor Price Hit Historic Low, Down 92%

• BAYC NFT’s floor price has crashed to 11.079 ETH tokens worth $33,924.
• This floor peaked at 153.7 ETH in May 2022, reflecting a 92% decline from the all-time high.
• BAYC NFTs experienced an uptick in sales within the last 24 hours, with 156 sales executed.

The floor price of blue-chip NFT collections of the Bored Ape Yacht Club (BAYC) now reflects a historic low amid the ongoing bearish sentiment in the crypto market. Colin Wu’s media recently called attention to this development in a post on X.

Data from the NFT tracking platform CoinGecko revealed that BAYC NFT’s floor price has crashed to 11.079 ETH tokens worth $33,924. Meanwhile, the top bid price was 10.63 ETH, equivalent to $32,782. 

While the figure marked a 7.03% gain in the last hour, it is over 4% below the price it sold for in the past day. Moreover, the floor price has declined by a more substantial 51.6% in the last 30 days and 79.8% over the past year.

Interestingly, this floor price peaked at 153.7 ETH as of May 2022. The current value of 11 ETH reflects a staggering decline of 92.8% from the all-time high.

Additionally, the current floor price now mirrors some of BAYC’s lowest…

The post Bored Ape Yacht Club NFT Floor Price Hit Historic Low, Down 92% appeared first on Coin Edition.