BAYC NFT Floor Falls To 10 ETH – Is It a Good Time to Buy Apes? - SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

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Bored Ape Yacht Club, a globally acknowledged non-fungible token series initially considered as one of the blue-chip NFT collections because of its high value and strong market performance, has seen its floor price value plummet to 10 ETH for the first time in six months. In this article, we shall evaluate whether this could be the right time to purchase a Bored Ape NFT series.

Bored Ape NFT Floor Flips To Just 10 ETH

Data compiled by CoinGecko.com, one of the leading on-chain crypto market data aggregators and non-fungible token explorers, indicates that the Bored Ape Yacht Club NFT floor price has fallen to 10 ETH. In the past six months, the Bored Ape NFT collection has seen its floor price gradually falling from its high level of 14ETH to 10 ETH. The NFT floor price is also down 92% from its all-time high.

Bored Ape

Launched in 2021, the Bored Ape Yacht Club is a non-fungible token collection that features a limited edition of 10,000 unique NFT profile pictures, each featuring a cartoon ape with various traits and accessories, minted on the Ethereum blockchain network. The Bored Ape is a popular NFT project created by Yuga Labs, known for its vibrant community, exclusive perks for holders, and high-profile celebrity owners.

Each ape in the collection is algorithmically generated with a unique combination of traits, such as clothing, hats, expressions, and more, making each one distinct. Bored Ape NFT collection grants NFT holders access to an exclusive online community, including a Discord server, and offers benefits like airdrops of spin-off collections and access to in-person events like ApeFest.

Previously, the Bored Ape NFT collection gained significant attention due to high-profile NFT purchases and celebrity endorsements from celebrities like Eminem, Snoop Dogg, and Justin Bieber. The Bored Ape Yacht Club is a unique project that combines art, membership clubs, and cryptocurrency, with recent expansion into the metaverse. It has a market capitalization of 108K ETH.

Is This The Right Time To Buy Apes?

Bored Ape Yacht Club NFTs are experiencing a price decline due to a combination of factors, including waning retail interest, the rise of new NFT collections on other blockchains, such as Immutable, Bitcoin, and Solana, and broader market conditions. Nonetheless, the NFT market downturn has strategically aligned the Bored Ape NFT with investors seeking to purchase less expensive NFTs.

BAYC floor is below 11 ETH. This is the lowest it’s been over the last 6 months

If you’re looking to enter the club, now might be the best time. Here’s why:

1️⃣ Yuga Labs is refocusing back to BAYC. They’ve sold all of the other projects & are now left with just BAYC & Otherside… pic.twitter.com/kyBmd2ndKD

— JBond (@jbondwagon) June 28, 2025

Moreover, it’s worth noting that Yuga Labs has started refocusing back to the NFT projects after selling other NFT projects and is now left with just the Bored Ape Yacht Club NFT collection and Otherside. ApeCoin DAO is done, and ApeCo is coming up soon. According to the team, ApeCo will be focused on funding and supporting projects building for BAYC, Otherside, and ApeChain.

Earlier this year, the Bored Ape Yacht Club NFT team officially announced that ApeFest 2025 will take place in Las Vegas, Nevada, United States, beginning on October 24. The last time the ApeFest NFT event was in the United States, it brought together high-profile celebrities like Lil Baby, Future, Lil Wayne, Eminem, Snoop Dogg, Tyrese Haliburton, Rudy Gobert, and Jimmy Fallon in ApeFest. All these marketing strategies will push the Bored NFT floor to new heights.