The floor price of BAYC has doubled in one month to over 10 ETH.
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Bored Ape Yacht Club’s floor price has increased from around 5 ETH to over 10 ETH in the past month, and rising ApeCoin trading volume has also driven the price up. Yuga Labs CEO Michael Figge stated that NFT prices became decoupled from rising holder engagement during market downturns. The renewed momentum in memecoins, NFT-backed lending, and collections like Pudgy Penguins has boosted expectations for a recovery in digital collectibles.
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