NFTBoomAndBust
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đŚ The Rise and Fall of Bored Ape Yacht Club (BAYC) NFTs
In 2021, a mysterious collection of 10,000 cartoon apes launched on Ethereum â and quickly became a global sensation. Within months, Bored Ape Yacht Club (BAYC) NFTs were selling for hundreds of thousands of dollars.
đ¨ Celebrities like Eminem, Snoop Dogg, and Steph Curry bought in, using apes as profile pictures and flexing digital ownership. The cheapest apes (floor price) reached over 100 ETH (~$400K at peak).
đ But by late 2023, the hype cooled. Prices plummeted, trading volume dried up, and many holders were left holding digital ghosts of a once-elite club.
đ§ BAYC became both a symbol of NFT mania and a lesson in market cycles, speculation, and cultural virality in Web3.
đˇď¸ #BAYC
#NFTHistory
#CryptoCulture
#Web3Trends
#NFTBoomAndBust
In 2021, a mysterious collection of 10,000 cartoon apes launched on Ethereum â and quickly became a global sensation. Within months, Bored Ape Yacht Club (BAYC) NFTs were selling for hundreds of thousands of dollars.
đ¨ Celebrities like Eminem, Snoop Dogg, and Steph Curry bought in, using apes as profile pictures and flexing digital ownership. The cheapest apes (floor price) reached over 100 ETH (~$400K at peak).
đ But by late 2023, the hype cooled. Prices plummeted, trading volume dried up, and many holders were left holding digital ghosts of a once-elite club.
đ§ BAYC became both a symbol of NFT mania and a lesson in market cycles, speculation, and cultural virality in Web3.
đˇď¸ #BAYC
#NFTHistory
#CryptoCulture
#Web3Trends
#NFTBoomAndBust
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