$APE : From Penthouse to Basement? Remember the sky-high prices of Bored Ape Yacht Club (BAYC) 🙊NFTs? Yeah, those days seem like a distant dream. 🤮

Here's the latest on the once-dominant collection:

(1) Prices in Freefall: BAYC NFTs are still plummeting. The floor price (the cheapest entry point) is now around 13 $ETH ($41,000), a far cry from their 2022 peak. 🥶

(2) A Whale's Woe: One unlucky trader who scooped up over 100 BAYC NFTs in January at "bargain basement" prices (around $56,000 each) is now facing millions in unrealized losses. Yikes! 🤡

(3) Crypto Winter Bites Hard: The overall crypto bear market hasn't been kind to BAYC. Unlike some other NFTs, like CryptoPunks, BAYC hasn't shown any signs of recovery. 🙈

So, what's next for #APE ? Nobody knows for sure. The future remains murky for these once-coveted apes.

What do you think? Is this the end of the BAYC, or is a comeback possible? Let us know your thoughts in the comments! DYOR! #altcoins #NFT

Thanks Cirrus for Information! 🙏