BAYC and MAYC see sales surge, but what about their floor price?
The market for top Ethereum-based PFP (Profile Picture) NFT collections continues to show signs of weakness, with continued drawdowns in their floor prices since last year, data from Delphi Digital has revealed.
Since June 2022, Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) , two of the most popular PFP NFT collections, have experienced a 20% decline in their floor prices.
Meanwhile, other collections, such as Clone X and Moonbirds, have suffered even steeper declines, with decreases of 55% and 65%, respectively.<p lang=«en» dir=«ltr» xml:lang=«en»>Top Ethereum PFP NFT collections have continued their drawdowns since last year.
pic.twitter.com/t0abvUNEz7— Delphi Digital (@Delphi_Digital) March 4, 2023 Since the start of the year, the NFT ecosystem has experienced a surge in trading volume, which has contributed to increased trading activity for various NFT collections.
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