Analysis: BAYC floor price fell 90% from its peak, which may be related to the weakening interest of retail investors and the rise of other on-chain NFTs

According to Mars Finance, as of Tuesday, the floor price of BAYC was slightly above 10 ETH, a 90% drop from the peak of over 120 ETH in May 2022. In US dollars, the decline is roughly the same. Blur data shows that the floor price of BAYC is temporarily reported at 11.055 ETH, a single-day increase of 8.6% and a 7-day decrease of 10.27%. According to CryptoSlam data, BAYC's daily trading volume has generally remained at around US$1 million since 2022, and nearly 20% of its collections are held by 10 personal wallets. According to Google search data, retail investors' interest in Ethereum NFTs has generally weakened. At the same time, NFTs on the Bitcoin and Solana chains are beginning to attract more attention from investors. (CoinDesk)