Bored Arb Yacht Club

<ul><li>BAYC NFTs have plunged to their lowest valuation since August 2021, now trading at just 10.89 ETH.</li><li>The significant decline in BAYC floor prices mirrors a wider slump across Ethereum-based NFTs.</li><li>Amidst market instability, Bored Ape Yacht Club&#39;s NFTs consistently hover between 60 and 70 ETH, showcasing significant resilience.</li></ul>Bored Ape Yacht Club, a once-dominant force in the Ethereum non-fungible token (NFT) market, has seen its floor price plummet to a new low. Recent data from <a href="https://twitter.com/WuBlockchain/status/1780054095124189419" rel="noopener noreferrer nofollow">Wu Blockchain</a>, a Chinese crypto channel, shows that the BAYC’s floor price briefly dropped below 11 Ethereum, landing at 10.89 ETH. This marks the lowest valuation for the collection since August 2021.The decrease reflects not just a momentary dip but a substantial decline of 12.08% in a single day. Consequently, the current floor price of 11.1 ETH is down 90% from its peak during the NFT market boom. This significant fall in value indicates a cooling interest in high-value NFTs, particularly within the Ethereum-based collections.Moreover, the broader NFT sector on <a href="https://cryptotale.org/crypto-analysts-split-on-ethereums-future-movements/" rel="noopener noreferrer nofollow">Ethereum</a> is experiencing similar downturns. BAYC’s sharp decline highlights a challenging period for the market, which once thrived during the cryptocurrency bull run. Hence, collectors and investors might be witnessing a shift in the digital assets landscape, possibly adjusting their strategies in response to these changing dynamics.<a href="https://cryptotale.org/bored-ape-yacht-club-sees-historic-low-at-10-89-eth/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bored Ape Yacht Club Sees Historic Low at 10.89 ETH

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