Bored Ape’s NFT floor price free fall
The floor price of the main irreplaceable tokens has dropped significantly as the winter cryptocurrency goes down.
The figures represent a sharp decline in floor prices
This metric illustrates how much the cheapest NFT price in a collection now costs.
At the current exchange rate, that figure is only worth $88,155 — a painful regression to reminisce about the golden age when these NFTs took over all the six-figure price tags in the best period of a year.
Bitter fruit for Bored Ape owners
Bored Ape keepers suffered a double blow. Not only did their value in ETH drop when the Bear market began, but ETH itself also fell freely against the U.S. dollar.
CoinMarketCap’s data shows that, at the time of writing, the world’s second-largest cryptocurrency has lost 37.5% in value in just the last seven days.
The retracement will be especially brutal for those who captured their Bored Ape in late April, when the floor price for this NFT collection hit an all-time high of 152 ETH.
The hefty value of $430,000 shows surprisingly how seriously Ether’s position has fallen compared to the current valuation with the same vault of $171,000 now.
NFT Price Exchange data reveals that, in ETH terms, the exchange price has fallen by 21.82% in the past seven days. Trading volume has also dropped significantly, with 32 Bored Apes having changed hands in the past 24 hours. That’s a 38.46% drop.