The NFT craze of 2021 and early 2022 pushed the collection’s floor price to a high of 128 ETH by April 2022, from which it has since declined by 80%. On a year-to-date, BAYC’s floor price has plummeted by 64%, data fromThe decline in BAYC’s value has been due to the fall in trading volume in the past few months., BAYC’s daily trading volume peaked at $11.47 million on February 22, 2023, and has since decreased. As of 18 August, this was $923,085.
While other leading NFT projects have grappled with a huge fall in value, the Milady Maker collection has seen its floor price increase by “over 4x since January, resisting the broader market downtrend,” Messari found in a new report.At press time, Milady’s floor price was 3.70 ETH. As of 1 January, it was less than 1 ETH, according to NFT Price Floor.