BAYC’s royalties and treasury were stored on the FTX US exchange Floor price and volume dropped significantly over the week The NFT market felt the impact of falling prices as crypto rates plunged over the last few days. In fact, even Ethereum [ETH] blue-chip collections like Bored Ape Yacht Club [BAYC] could not bank on […]
Interestingly, there was a new twist to the effect FTX had on the NFT collection. This was due to the revelation by NFTGo that BAYC’s floor price decreased about 10% in the last seven days. A quick overview of the collection’sWhat is the connection between the two, you ask?by Wu Blockchian, Yuga Labs, the team behind the collection development, stored 18 ETH in royalties on FTX.
According to the NFT collections aggregator, BAYC’s volume within the aforementioned period was $1.95 million. This volume represented a 39.70% drop. It was also noteworthy to mention that the transaction happened between 23 buyers and 20 sellers.
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