As a result of the CryptoPunks’ flip of the Bored Ape Yacht Club, the veteran NFT collection’s floor price surpassed that of the primates sought after by celebrities for the first time since March, according to NFT Price Floor.
The Bored Apes swiftly reclaimed the top slot, which they’ve essentially held the entire year, similar to the last brief flip. Nevertheless, since June, CryptoPunks has been gaining ground on the Bored Ape Yacht Club, and if the current pattern holds, CryptoPunks may soon recover and keep the lead.
- CryptoPunks flip BAYC NFTs in terms of floor pricing.
- According to Google Trends, Retail interest in BAYC has decreased by nearly 90%.
The NFT floor values now differ from those on July 26, 2022, 26 days ago. Since BAYC was the least costly BAYC at the time, it had the highest floor value at 82 ether. Since the floor value on July 26 was 73.95 ETH, Cryptopunks NFTs came in second that day. In reality, according to statistics from archive.org, BAYC has consistently maintained the highest floor value for several months.
Rising CryptoPunks values are not the cause of this most recent flip. Instead, everything fell apart due to the bear market in cryptocurrencies. According to NFT Price Floor, Apes and Punks have lost value in the last 30 days. When measured in USD, Apes are just depreciating faster, falling 28% vs. 16% for Punks.