The floor price of Bored Ape Yacht Club (BAYC) NFTs has melted down to its lowest level since August 2021, a startling 90% decrease from its highest price. Planet Crypto understands that there is now considerable distress within the Ape Community as royalty flows to the Apes have contracted sharply. One unnamed ape said “ in the good times there was endless royalty money flowing to us as prices were high and trading activity was buoyant. I could buy stupid caps and clothes and went to parties with Snoop in the metaverse Now there isn’t enough income coming in to pay the rent let alone finance a large family of apes. I might have to pawn my dark glasses and make back off to the jungle and live with my parents.
Bored Apes Forced to move back in with parents
