Top Highlights

• The prices of Bored Ape Yacht Club NFTs once rivaled those of Ferraris fresh off the assembly line. Nowadays, the JPEGs cost as much as your average used car.
• When the collection’s maker Yuga Labs teased details about its upcoming Otherside game—which is still under development—the market for Bored Apes was frothy. Around that time, Apes reached a peak minimum price of 152 ETH, or $429,000, in April 2022.
• Compared to the collection’s aforementioned peak minimum price—also referred to as floor price—Ape prices have plummeted around 93% to $27,600, according to Crypto Slam. In ETH terms, the collection’s floor price has fallen 91% to 11 ETH from 128 ETH.
• The price of an Ape briefly trended upward after falling to multi-year lows last month. Amid a global market sell-off in August, the collection’s floor price dipped to $20,000. After rising to $39,000, however, it’s fallen back down to where it was before the crash.
• Meanwhile, several companies that jumped feet first into the Ape world have shifted direction. That includes Tally Labs, which once created a sprawling universe and storyline around Jenkins the Valet, a personified version of Bored Ape #1798.

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