Bored Ape Yacht Club Prices Down 93% From Peak Amid NFT Market Malaise The prices of Bored Ape Yacht Club NFTs have plummeted by around 93% since their peak in April 2022. The decline in the NFT market and fading enthusiasm have contributed to the significant drop in value. Despite being considered a "blue chip" in the NFT space, there are no signs of a reversal in the decline.

According to Jinse Finance, Sotheby's is about to auction a golden-haired chimpanzee NFT created by Yuga Labs, along with other rare digital artworks. This auction will test the lasting power of chimpanzee-themed assets in the art world. The auction includes an NFT from the Bored Ape Yacht Club (BAYC), as well as other rare digital artworks.

According to the report from Jinse Finance, the Bored Ape Yacht Club (BAYC) series NFT has reached a trading volume of 622 ETH in the past 24 hours, ranking first on OpenSea.

Odaily Planet Daily News According to ZachXBT monitoring, a Bored Ape Yacht Club holder lost three rare NFTs due to a phishing attack, namely BAYC #7531、BAYC 6736 and BAYC#2100, with a total value of 54.8505 ETH (about $164,400). Blockchain explorer Etherscan also noted that wallets associated with BAYC NFT transactions have been used in previous phishing scams, and it is unclear exactly how this phishing attack occurred. OpenSea data shows that the value of the three NFTs is 21 ETH (about $62,960), 15.8505 WETH (about $47,500), and 18 ETH (about $54,000). （The Block）

According to ZachXBT monitoring, Bored Ape Yacht Club holders allegedly lost three rare NFTs due to a phishing attack. Blockchain explorer Etherscan also noted that wallets associated with BAYC NFT transactions have been used in previous phishing scams, and it is unclear exactly how this phishing attack occurred. The phishing Bored Ape NFTs are BAYC #7531、BAYC 6736 and BAYC #2100. According to NFT marketplace OpenSea, they are worth 21 ETH ($62,960), 15.8505 WETH ($47,500), and 18 ETH ($54,000), respectively. The total value is 54.8505 ETH ($164,400).

CoinDesk report: On April 26, 2024, Yuga Labs, the metaverse gaming company, announced layoffs. CEO Greg Solano informed employees via email that the company would undergo restructuring. Since 2021, Yuga Labs has achieved significant growth, but Solano believes that the company has deviated from its original path and that internal processes have become too complex. The exact number of layoffs has not been disclosed. A previous restructuring in October resulted in the company having over 120 employees. Solano assumed the role of CEO in February, and he promised to refocus the company on blockchain-based strategies. Yuga Labs' popular NFT projects include Bored Apes Yacht Club, Mutant Ape Yacht Club, and CryptoPunks.

Bijie.com reported: Examining the latest rebound of Bored Ape Yacht Club (BAYC) NFT project from its 32-month low, the floor price of BAYC has experienced significant growth, reaching its highest level in the past month after a long period of decline. The current floor price is 17 ETH, equivalent to $53,086. This rebound started on April 22nd, when the floor price dropped to a 32-month low of 1.99 ETH, leading to a resurgence in trading activity. In the past 7 days, BAYC's sales volume has increased by 84%, with a total of 168 sales transactions and a 48% growth in weekly sales volume. In contrast, the largest market capitalization NFT collectibles, CryptoPunks, saw a 20% drop in floor price in the past 30 days. Despite only having 22 NFT sales transactions, the sales volume has increased by 445%.

Coin Network reports: Gordon Gorner, also known as Willy Arono, is the founder of Bored Apes, who has been diagnosed with a heart disease with a 50% fatal rate. Despite the gloomy diagnosis, the outlook for Arono and Bored Ape Yacht Club (BAYC) is positive as they celebrate their third anniversary.

Coin Network reports: The value of Justin Bieber's investment in the NFT space has dropped significantly, according to Arkham Intelligence report, the amount of NFTs he purchased in 2022 is more than $2 million, and it is currently estimated to be slightly more than $100,000, a decrease of about 95%. Bieber's Wallet received a huge amount of money to buy two Bored Ape and two Mutant Ape and other Tokens, but the value of all Tokens falls significantly. Despite the huge losses, his Wallet still holds less than $500,000 in cash and assets such as ETH and APE Token Abstract: Justin Bieber's investment in the NFT space has suffered significant losses, with the value of NFTs purchased in 2022 falling by about 95% and currently just over $100,000. He received huge amounts of money in Ethereum to buy two Bored Ape and two Mutant Ape and other Tokens, but the value of all Tokens falls significantly. Despite the huge losses, his Wallet still holds assets such as ETH and APE Token Justin Bieber lost a lot of money investing in NFTs

"CoinWorld reported: CoinWorld reported that the NFT series Bored Ape Yacht Club announced on X platform that its holders can now download BAYC 3D avatars from the official website profile."

"NFT series Bored Ape Yacht Club, as reported by Jinse Finance, announced on X platform that its holders can now download BAYC 3D avatars from the official website profile."

PANews April 24th news, BMW official X account @NFT project Bored Ape Yacht Club (BAYC), wishes BAYC a happy third anniversary and interacts with many BAYC holders on Twitter.

Avalanche Founder: Memecoins are a social signal that is good for attracting new people to join In an interview with Cointelegraph, Avalanche founder Emin Gün Sirer said that despite the high risk associated with investing in Memecoins, they are bringing value and new users to the encryption ecosystem. Gün Sirer points out that while Memecoins are not considered a valuable investment by the outside world, their true significance lies in attracting more long young Newbie into the encryption space through interesting formats. For this segment, Memecoins trading is a social signal that can show their ability to pick coins and make profits, just as some people use Bored Ape Yacht Club NFTs as avatars to show off their wealth. However, Gün Sirer also admits that most long Memecoin traders are not long-term holders, but constantly switch between different Memecoins. They need to keep track of what is happening in the community, and luck is important. According to Gün Sirer, Avalanche has become one of the clusters of Memecoins, and its community is thriving and the number of users is increasing. However, he cautioned that Memecoins are still a high-risk investment and Newbies should be cautious.