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Ethereum: As Blue Chip NFTs Leave, Who Takes the Spotlight?

Ethereum [ETH] NFTs like Otherdeed, Moonbirds, and Bored Ape Yacht Club [BAYC] were almost always on the list of collections with the most daily gains. Historically, in cases where some do not fall into the fray, others still join those with the most sales volume and transactions.

But on 23 February, BAYC, Mutant Ape Yacht Club [MAYC], Otherdeed, and Azuki recorded massive declines as attention moved to other collections. According to CryptoSlam, MAYC still led the volume ranking, but it was only because of the NFT’s high floor prices.

At press time, the MAYC sales volume was $14.88 million — 8.41% down from the previous 24 hours. Transactions were also down to 564, with reduced involvement of buyers and sellers. In BAYC’s case, it went down to the fifth position. However, it suffered a more tremendous decline than its Yuga Labs’ counterpart.

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