BAYC’s NFT Floor Price Hits New Low Amid ETH Spike
Bored Ape Yacht Club’s (BAYC) NFT collection has experienced a significant decline in its floor price, dropping below 20 ETH to 17.99 ETH (approximately $66,000).
This is due to the NFT boom, which has increased its floor price significantly. The last time BAYC’s floor price dropped below 30 ETH was in July 2024.
Despite the dip, its trading volume has increased by over 329% in the past 24 hours, making it the sixth-largest NFT collection by sales volume.
Ethereum is currently priced near $3,600, attracting investors due to recent whale activities and an 80.36% surge in trading volume.
(With inputs from Shikha Singh)
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