The #NFT market is experiencing a downturn with over 1.2k #NFT liquidated in the last 3 days due to lower base prices on popular collections. This represents the largest liquidation event in history.

The base price of Bored #Ape Yacht Club fell to 27 #Ethereum ($52k), reaching its lowest value since August 2021, and then rose slightly to 30.1#Ethereum($58.8k).