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BAYC NFT Collection Sees Social Attention Surge, Market Cap Dives

• BAYC’s social mentions and engagement increased significantly.
• The NFT collection’s floor price decreased, leading to a market cap nosedive.
• Despite the hike in mentions, sales volume for BAYC dropped 6.10% over the past 7 days.

BAYC Social Mentions Increase

According to LunarCrush, social mentions of Bored Ape Yacht Club (BAYC) increased 161% over the previous day. This implied that the NFT collection was tremendously considered by prospective traders on these platforms.

Floor Prices Stay Grounded

Despite the hike in mentions, the floor price of the Ethereum [ETH] NFT decreased. At press time, the average of the collection was 61.59 ETH, amounting to $110,122 at current cryptocurrency prices. But an increase in social activity does not always translate to an uptick in asset price; declining market capitalization would certainly not help BAYC’s cause either. At the time of writing, its market cap was 673.79 ETH – signifying a total value decrease due to decreasing circulating supply status.

Yuga Labs Collaboration

The trend has spread to impact BAYC’s sales volume as well: from swinging between first and second place for most sales over recent weeks, it is now fourth with sales volume amounting to $8.34 million within 7 days – representing a 6.10% drop during this period..

Twitter Elation

On Twitter, a pseudonymous account which probably holds Crypto Punk 6529 and BAYC said that its market cap was now more than that of crises-filled bank Credit Suisse – 167 years after its establishment as one of two leading Swiss Banks..


Despite rising social attention towards BAYC , its floor prices stay grounded while its circulating supply decreases; resulting in reduced total value and lower sales volume . However , some holders expressed elation at being worth more than Credit Suisse .