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Blue-Chip NFT Floor Prices Plummet Despite Drop in Sales Volume

The floor prices of high-quality Ethereum-based NFT projects, known as blue chips, have dropped by an average of 82.8% from their all-time highs due to a decline in trading volume. Bored Ape Yacht Club and CryptoPunks experienced the highest losses among the top 11 blue-chip NFT projects, with BAYC losing the most native currency value and CryptoPunks losing the most USD value.

Despite the drop in price, CryptoPunks' monthly sales volume has decreased since March, and BAYC's daily sales have declined by 94% in five months. Interest in profile-picture NFTs has also declined, contributing to the overall decrease in value.

Ethereum Ethereum $3,305.90
-4.52%
Bored Ape Yacht Club
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