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Bored Ape Yacht Club NFT Floor Price Hits 20-Month Low Amidst Tough Month for NFT Market

July 5 (Cointime) - The floor price of the Bored Ape Yacht Club NFT collection has dropped below 30 ETH, reaching its lowest point since October 2021. This represents a significant decrease from the historic high of 153.7 ETH in April 2022, marking a 90% decline.

The NFT market as a whole has experienced a tough month in June, and the new Blur marketplace may have contributed to the decline. Other blue-chip NFT collections have also experienced floor price drops, and some traders believe this is due to the marketplace war between Blur and OpenSea.

Ethereum Ethereum $3,293.86
-4.97%
Bored Ape Yacht Club
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  • NFT market total sales fell 26.2% to $46 million in June

    On July 8th, Binance Research's latest report showed that the crypto market experienced a significant downward trend in June 2024, with an overall decline of up to 11.4%. Due to the market downturn, the TVL (total locked value) of DeFi decreased by 8.7% in June. The NFT market also continued to be sluggish, with a total sales volume of $46 million in June, a decrease of 26.2% compared to May. The monthly sales volume of DMarket, the in-game item trading platform for Mythos, was the highest at $18.9 million, followed closely by CryptoPunks with sales of $16.1 million. The sales of top-tier ordinal series such as BitcoinPuppets and NodeMonkes decreased significantly, by 40.6% and 41.0%, respectively. BoredApeYachtClub's monthly sales volume slightly decreased, while PudgyPenguins performed better than the market, rising by 68.9%.

  • NFT sales on the Ethereum chain exceeded US$350 million in January, down 2% from December

    According to the latest data from Cryptoslam, the sales of NFTs on the Ethereum blockchain in January reached about $356 million, a decrease of about $7 million from December, a decrease of about 2%. In addition, the transaction volume of NFTs on the Ethereum blockchain in January reached 929,000 transactions.

  • NFT sales on the Bitcoin chain exceeded US$335 million in January, setting the third highest single-month record to date

    According to Cryptoslam data, as reported by Jinse Finance, the Bitcoin blockchain NFT sales in January 2024 exceeded $335 million, with a trading volume of nearly 250,000 transactions, including over 67,000 independent sellers and approximately 78,000 independent buyers. Historical data shows that January 2024 is the third-highest single-month record on the Bitcoin blockchain to date, surpassed only by the highest record of approximately $869 million set in December 2023 and the second-highest record of approximately $376 million in November 2023.

  • CoinGecko: NFT trading volume will drop by $14.5 billion month-on-month in 2023

    According to a report by CoinGecko, NFT transaction volume in 2023 will be less than half of that in 2022, dropping from $26.3 billion to $11.8 billion, a decrease of $14.5 billion. The dashboard of Dune Analytics shows that the transaction volume of OpenSea, the leader in the NFT market, exceeded $2 billion for 9 consecutive months between 2021 and 2022, but shrank to about $170 million in December 2023. Rohan Handa, the NFT director of Mysten Labs, said that the decline in the field was caused by poor macroeconomic conditions and notable collapses, which weakened the public and investors' confidence in the unstable crypto industry.

  • NFT sales on the Bitcoin chain exceeded US$880 million in December 2023, setting the highest single-month record to date

    According to CryptoSlam data, the Bitcoin blockchain's NFT sales in December 2023 reached a record high of $881,223,753.92, with 111,713 buyer addresses and 98,744 seller addresses, both setting new monthly records. As of now, the total NFT sales on the Bitcoin blockchain have reached $1.83 billion, making it the fourth largest blockchain for NFT sales, behind only Ethereum ($42.12 billion), Solana ($4.62 billion), and Ronin ($4.25 billion).

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