The BAYC floor price is on a massive rollercoaster today. Following the APE coin claim, the price collapsed by some 30%.
It’s a tumultuous day for BAYC members. The long-awaited APE Coin has been finally released, and those who held BAYC-related NFTs could claim the airdrop. Immediately after the claim, though, the price for the collection tumbled by almost 30%.
Earlier today, CryptoPotatoreported that the floor price of Bored Ape NFTs reached over 100 ETH. To be fair, it reached around 109 ETH at one point today.
Now, the APE coin is available for claiming and trading on certain exchanges, and it appears that people who were buying and holding Bored Ape NFTs are selling them after the fact.
At the time of this writing, the floor price for the BAYC collection sits at 78 ETH – a considerable decline of some 30% from today’s highs.
Meanwhile, FTX has already started trading APE coin, and the price there sits at around $7 at the time of this writing.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
