Bored Apes floor price holds despite massive NFT dump
Yuga Labs flagship BAYC collection is holding its price, despite 71 pieces being sold off, and recent allegations of plagiarism.
Cryptocurrency news by Protos · Protos
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Show Notes
On Tuesday, web 3.0 company CanaryLabs.XYZ sold 71 pieces from the Bored Ape Yacht Club and Mutant Apes collections, raking in a total of up to 5,500 ETH or $9 million.
Surprisingly, the unusually large dump, which came after allegations that Yuga Labs plagiarised its logos, didn’t move the floor price at all. At the time of writing, Bored Ape Yacht Club’s (BAYC) 24-hour trading volume stands at around 13,723 ETH.
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