‘Blue chip’ floor prices near two-year lows
The largest nonfungible token (NFT) collections by market capitalization are in a sea of red as the cheapest NFTs in their collections took dives over the past week, with some hitting near two-year lows.
Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) collection — the second largest by market cap, according to CoinGecko — hit a floor price of 27.7 Ether (ETH) or $54,200 on July 3, a level not seen since September 2021.