NFTs
Out of context: Reply #827
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ApeCoin Crashes to All-Time Low as Bored Ape Yacht Club NFT Prices Sink
The Ethereum token linked to Yuga Labs' Bored Ape Yacht Club collection has now fallen nearly 93% from its peak price.The Ethereum-based ApeCoin made its sizzling debut in March 2022, and not long after it launched, the simian-centered token surged to an all-time high of $26.70 in April. At that time, it reached a market cap of close to $7.6 billion dollars. ApeCoin is now down nearly 93% from that peak, as of this writing.
Bored Ape NFTs hit a peak minimum price of $429,000 or 152 ETH that same month, bolstered by celebrity owners who bore Bored Apes as digital status symbols and visions of Yuga Labs’ ambitious Otherside metaverse game. Since then, Bored Ape prices have fallen as low as about $52,000 worth of ETH, on July 2.