The floor price of Bored Ape has dropped to around $87,000 for the first time in 10 months, and investors are leveraging the opportunity.
Prices and sales of non-fungible tokens have continued to crash as bears completely take over the broader crypto market. Popular collections such as the revered Bored Ape Yacht Club were not spared either, and their floor prices have lost significant value in US dollars.
Despite the drop, BAYC still maintains its position as the largest NFT project, with a market cap of about $1.7 billion.
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