Bored Ape Yacht Membership NFT All-time low value, down 92%

• The minimal value of BAYC NFT dropped to 11,079 ETH tokens price $33,924.
• This low peaked at 153.7 ETH in Could 2022, reflecting a 92% decline from the all-time excessive.
• BAYC NFTs noticed a rise in gross sales over the previous 24 hours, with 156 gross sales going down.

Bored Ape Yacht Membership (BAYC) blue-chip NFT assortment’s minimal value now displays an all-time low amid continued bearish sentiment within the crypto market. Colin Wu Media lately highlighted this improvement in a put up on X.

Information from NFT monitoring platform CoinGecko revealed that the minimal value of BAYC NFT dropped to 11,079 ETH tokens price $33,924. In the meantime, the very best bid value was 10.63 ETH, equal to $32,782.

Whereas the quantity has seen a 7.03% improve within the final hour, it’s greater than 4% under the worth it was buying and selling at yesterday. Moreover, the ground value has fallen by a extra important 51.6% over the previous 30 days and 79.8% over the previous yr.

Curiously, this minimal value peaked at 153.7 ETH in Could 2022. The present worth of 11 ETH displays a staggering 92.8% drop from the all-time excessive.

Moreover, the present minimal value now displays a few of BAYC’s lowest costs in its historical past. Particularly, BAYC NFTs had been final seen at 11 ETH in August 2021. The Yuga Labs-backed NFT venture is now on the similar degree it was 4 months after its preliminary launch.

Bored Ape Yacht Membership has seen a major improve in gross sales over the previous 24 hours. Particularly, 156 gross sales had been made, representing a 13% improve over yesterday’s figures. These gross sales amounted to 1,632 ETH price greater than $5 million.