According to BlockBeats, the floor price of Bored Ape Yacht Club (BAYC) has fallen below 11 ETH, currently standing at 10.899 ETH. This represents a 12.08% decrease over the past week, marking the lowest level since August 2021.
Bored Ape Yacht Club is a popular non-fungible token (NFT) collection, and its price dynamics are closely watched by the crypto community. The recent drop in floor price indicates a potential cooling off in the NFT market, which has seen explosive growth over the past few years.
However, it's important to note that the NFT market is highly volatile and prices can fluctuate widely in a short period of time. Therefore, investors should exercise caution when investing in NFTs and other digital assets.