The Bored Apes’ floor drops 78% from ATH, 50% in past 90 days: Why?

This week, the FUD about the Bored Ape Yacht Club has hit an all time high, as its floor price continues to plummet.

Down 78% from its ATH on April 30, 2022 (153 ETH), and down nearly 50% in just the past 90 days, the FUD about BAYC on NFT Twitter has been loud this week.

Meanwhile, the CryptoPunks’ floor has fared somewhat better. It’s down 60% from its ATH (125 ETH) on Aug. 28, 2021, and around 25% in the past 90 days.

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