Data: BAYC floor price fell to about 27 ETH over the weekend, a new low since August 2021

According to The Block, the floor price of Bored Ape Yacht Club (BAYC) fell to about 27 ETH (about $53,000) over the weekend, the lowest point since August 2021. Brad Kay, an analyst at The Block Research, believes that the reasons for the decline in floor prices include the scarcity of buyers, the weak market and lack of liquidity, as well as the dumping of larger holders. Tokens are sold in a large number of NFTs on the Blur marketplace. According to NFTstats.eth data, more than 80% of BAYC and CryptoPunks have not been sold once in 2023, proving that the market lacks liquidity.