Apes Back on Top

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The floor price of Bored Ape Yacht Club has flipped the CryptoPunks floor once again, as the two vie for the top PFP project in a challenging NFT market.

The floor price on OpenSea is 69 ETH for the Apes and 66 ETH for the Punks on the CryptoPunks website Saturday. The floor price for the Apes on Blur (about 67 ETH) is also just above the Punks floor.

The two projects have been flipping each other since August of this year, when Punks flipped Apes for about 45 minutes, taking the top spot for the first time since December of 2021, when Apes first flipped Punks.

BAYC is up 17 percent since Nov. 22 when the floor price hit an 11-month low of 58.87 ETH. The increase comes despite concerns that the ApeCoin staking contract website was geofenced for the United States and Canada.

Yuga Labs, the parent company of BAYC and the one-time owner of the Punks IP before it relinquished rights to Punks holders, recently announced a roadmap item — the trial of Jimmy the Monkey —on Thanksgiving.

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.