According to BlockBeats, Ethereum's blue-chip Non-Fungible Tokens (NFTs) have seen a significant drop on June 18. The floor price of the 'Fat Penguin' NFTs is now reported at 8.8 ETH, marking a 13.89% decrease in the last 24 hours.
In addition, the floor price of Bored Ape Yacht Club (BAYC) NFTs is currently reported at 9.23 ETH, showing a 24-hour drop of 11.57%. The sharp drop in the floor price of 'Fat Penguin' NFTs has resulted in dozens of these tokens being up for auction on Blend.
This news highlights the volatile nature of the NFT market, with significant price fluctuations being a common occurrence. Investors are advised to exercise caution when trading in this market.
