“The Decline of ‘Ape’ Hype: Mutated Monkey Plummets Below IPO Price, Bored Ape Sets New Lows in Recent Years”

"The Decline of 'Ape' Hype: Mutated Monkey Plummets Below IPO Price, Bored Ape Sets New Lows in Recent Years"

"The Decline of 'Ape' Hype: Mutated Monkey Plummets Below IPO Price, Bored Ape Sets New Lows in Recent Years"

According to the data from NFT Price Floor, the floor price of Mutant Ape Yacht Club (MAYC) has dropped below 3 ETH and is currently at 2.949 ETH, which is lower than the initial price (3 ETH) at which the NFT was originally issued through a Dutch auction.

At the same time, the performance of Bored Ape Yacht Club (BAYC) is also less than ideal. It has dropped from 22 ETH to 17.66 ETH in the past week, a decrease of nearly 20%, reaching a new low in recent years.

In the current market environment, market participants prefer to hold Golden Shovel NFTs that can bring airdrops, and the emergence of NFT markets in other ecosystems is also causing many once popular NFT projects on Ethereum to be in a slump.