Unlike last winter, when the price of ETH was pushing $4,000 and trading volumes were at all-time highs, this flippening comes as the rival collections’ prices are on the way down. The Bored Ape floor price is down almost 40% in the last month, with CryptoPunks down 24%, according to data from NFTPriceFloor. When the Bored Ape floor price passed that of CryptoPunks last time around, the cheapest editions from both collections were valued 55 ETH, at the time worth $215,000.
Originally Posted on: https://www.coindesk.com/business/2022/08/22/cryptopunks-briefly-flip-bored-apes-as-nft-prices-continue-to-crater/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Eli Tan