According to data from NFT Price Floor, the floor price of Mutant Ape Yacht Club (MAYC) has dropped below 3 ETH and is currently at 2.949 ETH, which is lower than the initial price (3 ETH) at which the NFT was originally publicly issued through a Dutch auction.
At the same time, Bored Ape Yacht Club (BAYC) has also performed less than ideally. It has dropped from 22 ETH to 17.66 ETH in the past week, with a decline of nearly 20%, reaching a new low in recent years.
In the current market environment, market participants prefer to hold Golden Shovel NFTs that can bring airdrops, along with the rise of NFT markets in other ecosystems. This has resulted in many once popular NFT projects on Ethereum being quite sluggish now.
