Bored Ape NFT pricing nears two year low

Bored Ape Yacht Club NFT pricing is falling because there aren't enough motivated buyers.

But the decline of the collection’s floor price — the lowest registered selling price for one of the NFTs — hit a somber milestone on Sunday when itWhile many NFT watchers have taken to Twitter to speculate about what’s happening with Bored Apes, the simplest explanation might also be the best, argues The Block Research analyst Brad Kay.

Blur token incentives aside, the NFT market is, by many measures, weak and lacking liquidity, which has in turn driven prices down. Across the board pricing for top-shelf collections like Doodles, Azuki and CryptoPunks have suffered.

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