The NFT market has recently witnessed a price decline, causing concern among investors and enthusiasts. Despite not entering a new cycle, several prominent NFTs have experienced significant price declines within the past few days.
One notable example is the Bored Ape Yacht Club (BAYC), whose decline in the NFTs floor prices can be attributed to the community backlash that followed the Azuki Elementals airdrop last week.... Read More: Why are NFT Prices Crashing? Azuki Plummets 11% and Bored Apes Falls 16% – Here's What You Need to Know.