The floor price of BAYC NFTs hit an all-time high on May 1, reaching 153.70 ETH (420k USD). NFT prices, which entered a rapid downward trend after that day, continued their decline today. The floor price fell 8% to 76 ETH, while the trading volume of the collection rose a lot. Collections such as Moonbirds, Teraforms, Mutant Ape Yacht Club, Otherdeed and CryptoPunks follow the collection, which has experienced a 350% increase in transaction volume in the last day.
NFT Index Drops 21%
The NFT index, which tracks the performance of NFTs and is based on circulating supply, is down 21% from yesterday.