Coin

<ul class="news-points"> 
 <li><strong>According to Nansen, many long-term BAYC holders sold their NFTs.</strong></li> 
 <li><strong>Nansen also revealed that the number of wallets holding at least one BAYC is declining.</strong></li> 
 <li><strong>There has been a significant drop in NFT activities since 2023.</strong></li> 
</ul> 
<p>According to Nansen, a <a href="https://coinedition.com/what-is-blockchain-everything-you-need-to-know/">blockchain</a> data and research platform, many long-term Bored Ape Yacht Club (BAYC) NFT holders sold their NFTs in the last seven days. In a Twitter post, the research platform showed that 36 long-term holders had their BAYC NFTs for over one year.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Over the last 7 days, many longtime BAYC holders have sold their NFTs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f622.png" alt="😢" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>39 of them have their BAYC for over a year <a href="https://t.co/jIuGBBjZMf" target="_blank" rel="nofollow">pic.twitter.com/jIuGBBjZMf</a></p>— Nansen 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9ed.png" alt="🧭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@nansen_ai) <a href="https://twitter.com/nansen_ai/status/1672074062666022914?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 23, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>Nansen also revealed that the number of wallets holding at least one BAYC is declining. As of Nansen’s post, that number had fallen below its October 2021 level. That reveals the fading interest in an industry perceived as a new frontier in emerging technologies only a few months ago.</p> 
<p>According to data from Dune Analytics, there has been a significant drop in NFT activities since 2023. The drop cuts across unique wallets trading NFTs, the number of NFT traders, and the marketplace activities based …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/many-long-term-bayc-holders-sell-their-nfts-in-the-last-7-days/">Many Long-Term BAYC Holders Sell Their NFTs in the Last 7 Days</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Many Long-Term BAYC Holders Sell Their NFTs in the Last 7 Days

Coin Edition

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