Is NFT completely cooling down? Bored Ape plummets 100+ ETH, the bubble begins to return to reality!
Even with the appearance at Art Basel in Hong Kong, the NFT market still shows no signs of warming up.
The most typical example:
Bored Ape #5278 from the Bored Ape Yacht Club.
The current listing price is only 7 ETH, plummeting over 100 ETH compared to the last transaction price.
What does this indicate?
The valuation of top NFTs has significantly dropped.
Market liquidity continues to decline.
The enthusiasm is clearly cooling off.
To put it simply:
The once “get rich quick myth” is returning to rational pricing.
Essential logic:
NFTs once relied on emotion and liquidity as drivers,
When the funds retreat, prices must return to their real value.
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