Selling NFT Not That Profitable For More Than Half Of Buyers, Survey Reveals
There seems to be no respite anywhere in the crypto realm from Monday's extraordinary market sell off. According to data from NFT Price Floor, the floor price of Bored Ape Yacht Club BAYC and CryptoPunks, two of the most popular non-fungible token, or NFT, collections on the market, has fallen to 74 ETH - $92,223 and 48 ETH - $69,473, respectively.
The NFT liquidation was compounded in part by a warning made a day earlier, in which Gordon Goner, co-founder of Yuga Labs - the company that owns the BAYC and CryptoPunks collections - issued a warning about an "imminent" attack on social media accounts that operate under the umbrella of the company.
In comparison, the BAYC collection pieces had an all-time low price of 153.70 ETH, while the same metric amounted to 123 ETH for the CryptoPunks.
The data aggregator tracks 380 collections with a total market capitalization of $5.58 billion at press time.
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