So-called “Blue-chip” NFTs have been struggling over the course of the last 30 days, crypto data analytics firm Nansen stated in a tweet thread on Tuesday.
Citing its popular NFT price performance dashboard, Nansen noted that many major collections, including the likes of the Bored Ape Yacht Club, have seen their price floors drop by more than 25%.
An NFT’s price floor is the lowest price at which a member of an NFT collection is listed at across major NFT exchanges….
Read More: “Blue-Chip” NFTs Have Been Struggling, But Here Are The Collections Bucking the Trends