The floor price of the Bored Ape Yacht Club has fallen 50% from the beginning of this month as prices and sales volume of NFTs suffer across the board.
Prices throughout the nonfungible token (NFT) market have suffered amid the broader market downturn, with the floor price of the Bored Ape Yacht Club (BAYC) collection dropping more than 50% since the beginning of this month. BAYC’s floor price dipped to $198,000 on Wednesday, signaling a 52% drawdown in dollar-denominated valuation from May 1, where the cheapest available Bored Ape cost $420,000. The lackluster market conditions also took their toll on the total number of BAYC sales, with sale volume down 117% week-on-week.Ape #6775 was purchased for 225.0 ETH https://t.co/4AkVT71PrF— boredapebot (@boredapebot) May 18, 2022
When looking at the BAYC floor price measured in Ether (ETH), the NFT collection has only fallen a touch over 30%, with the current floor price si
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