{"id":6032,"date":"2023-04-14T20:18:07","date_gmt":"2023-04-14T20:18:07","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/14\/what-is-happening-to-the-bayc-floor-price\/"},"modified":"2023-04-14T20:18:07","modified_gmt":"2023-04-14T20:18:07","slug":"what-is-happening-to-the-bayc-floor-price","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/14\/what-is-happening-to-the-bayc-floor-price\/","title":{"rendered":"What is Happening to the BAYC Floor Price???"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The <a href=\"https:\/\/nftevening.com\/bored-ape-yacht-club-the-avatar-collectibles-with-the-biggest-community\/\" target=\"_blank\" rel=\"noopener\">Bored Ape Yacht Club (BAYC)<\/a> has experienced a significant drop in the floor price of its NFT collection after a major holder announced the liquidation of his holdings. The announcement by Twitter user \u201cfranklinisbored\u201d resulted in the sale of at least 27 BAYC NFTs, totaling $2.8 million in ETH. In this news article, we will examine the factors that contributed to the decline in BAYC NFT prices.<\/p>\n<figure id=\"attachment_98582\" aria-describedby=\"caption-attachment-98582\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><picture decoding=\"async\" class=\"wp-image-98582 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC.png.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-300x166.png.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-768x426.png.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-101x56.png.webp 101w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-150x83.png.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-450x249.png.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20665'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-98582 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC.png.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-300x166.png.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-768x426.png.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-101x56.png.webp 101w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-150x83.png.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-450x249.png.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC.png\" alt=\"What is Happening to the BAYC Floor Price???\" width=\"1200\" height=\"665\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC.png 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-300x166.png 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-1024x568.png 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-768x426.png 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-101x56.png 101w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-150x83.png 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC-450x249.png 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-98582\" class=\"wp-caption-text\">What is Happening to the BAYC Floor Price??? Source: Yuga Labs<\/figcaption><\/figure>\n<h2><span id=\"BAYC_Floor_Price_Sinks\"><strong>BAYC Floor Price Sinks<\/strong><\/span><\/h2>\n<p>BAYC is a collection of 10,000 unique NFTs, each featuring a bored ape character with different traits and accessories. The collection gained widespread popularity in the NFT market, with some NFTs selling for millions of dollars.<\/p>\n<p>However, the recent drop in floor price has caused concern among BAYC holders and investors. <a href=\"https:\/\/cryptowat.ch\/charts\/OPENSEA:BOREDAPEYACHTCLUB-NFT-FLOOR\" target=\"_blank\" rel=\"noopener\">According<\/a> to Cryptowatch data, the BAYC collection\u2019s floor price fell to a five-month low of 54.37 ETH.<\/p>\n<h2><span id=\"BAYC_Floor_Price_Highlights_Volatile_NFT_Market\"><strong>BAYC Floor Price Highlights Volatile NFT Market<\/strong><\/span><\/h2>\n<p>The decline in BAYC NFT prices is attributed to the liquidation of holdings by one of its major holders, \u201cfranklinisbored.\u201d The user <a href=\"https:\/\/twitter.com\/franklinisbored\/status\/1646517950747381762\" target=\"_blank\" rel=\"noopener\">announced<\/a> on Twitter that he had sold the majority of his holdings due to unfortunate life circumstances. On-chain data from Etherscan shows that multiple transactions were made from franklinisbored\u2019s wallet to BendDAO, indicating that his explanation is plausible.<\/p>\n<p>The recent drop in BAYC floor price highlights the volatility of the NFT market. Despite their popularity and high valuation, NFTs are still subject to the same market forces as traditional assets. The sudden liquidation of a major holder\u2019s holdings can have a significant impact on the market, as seen in the case of BAYC. However, some analysts believe that the decline in BAYC NFT prices presents an opportunity for new investors to enter the market.<\/p>\n<h2><span id=\"Bringing_it_Together\"><strong>Bringing it Together<\/strong><\/span><\/h2>\n<p>The decline in BAYC NFT prices is a cause for concern among its holders and investors. The liquidation of holdings by a major holder has contributed to the decrease in floor price, resulting in significant losses for some. However, the stable valuation of ApeCoin suggests that the BAYC community is optimistic about the long-term potential of the ecosystem. The recent drop in BAYC NFT prices also highlights the volatility of the NFT market. It is subject to the same market forces as traditional assets. Despite the current situation, some analysts view the decline in BAYC NFT prices as an opportunity. One for new investors to enter the market.<\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/what-is-happening-to-the-bayc-floor-price\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bored Ape Yacht Club (BAYC) has experienced a significant drop in the floor price of its NFT collection after a major holder announced the liquidation of his holdings. The announcement by Twitter user \u201cfranklinisbored\u201d resulted in the sale of at least 27 BAYC NFTs, totaling $2.8 million in ETH. In this news article, we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/BAYC.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/6032"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=6032"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/6032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/6033"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=6032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=6032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=6032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}