Bored Ape Yacht Club NFT Prices Fall After FTX Sinks Crypto Market

[Google News Bot]

In brief Prices for Bored Ape Yacht Club NFTs are falling amid the latest crypto market downturn. The cheapest available Bored Ape today costs 82% less (in USD) than at the collection’s peak in April. Crypto prices are down across the board this week amid news of FTX’s liquidity crunch and alleged mismanagement of customer funds—and the market turmoil may be extending into the NFT world, as well. Popular Ethereum project the Bored Ape Yacht Club is seeing sinking prices as ETH falls and owners potentially panic-sell their valuable NFTs. According to data from NFT Price Floor, t ...

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