Fuego, founder of Fuego Labs and ApeSpirits, stated on X that the last founder of BAYC and CEO of Yuga Labs, Greg Solano, expressed his confusion as to why, after five years, they haven't made a dime but still retain the Bored Apes?! If three of the four co-founders have already left, and now the last one is also exiting, what will happen next?
Will Apes go to zero? Just a few days ago, Yuga Labs sold Telegram stickers worth $500,000, sold Moonbirds and CryptoPunks, but even with profits, the price of BAYC NFTs still can't rise. Will BAYC really go to zero? After FUEGO's post, Greg Solano blocked him! Here, we specifically picked out a few past NFTs that were claimed to be blue-chip to see if there are any signs of revival in the current market.
Image source: X/@FuegoCEO
Is BAYC going to zero?
FUEGO believes that Apefest gets weaker every year, becoming more lackluster, and even started charging for tickets. This year, they only held a 4-hour event at a children's playground. Has Yuga Labs gone bankrupt? Have they burned through their money? Why are they shutting down ApeCoin DAO? Do they need DAO funds to sustain a few months of operations? FUEGO said they should set the floor price of their NFTs to the lowest before Bored Apes go to zero, sell off, and get out.
Latest data shows that as of July 29, 2025, the floor price of Bored Ape Yacht Club (BAYC) NFTs is 12.40 $ETH, with a market value of about 476.12 million USD. Going to zero may not be the case, but the price drop is real.
BAYC still has a market, CryptoPunks reigns as champion
According to recent Forbes NFT Market data, the most popular Ethereum NFT is still BAYC, even though the floor price is now only 12.4 $ETH. BAYC still has a strong community, exclusive privileges (such as participating in VIP parties and metaverse games), and continuous high trading volume. Yuga Labs' acquisition of CryptoPunks further consolidates its dominant position in the ETH NFT market. CryptoPunks is the champion of NFTs in the Ethereum space, with Pudgy Penguins NFT trading volume also active, ranking as the runner-up.
CryptoPunks currently has a floor price of 53.84 ETH. With 10,000 unique NFTs and its historical significance, being one of the earliest representative NFTs, CryptoPunks is highly sought after for its scarcity (such as Alien Punks) and cultural influence. Recently, 45 Punks were sold, highlighting the renewed interest in them.
Pudgy Penguins has a floor price of 15.29 $ETH. The cute, chubby penguins have successfully captured the global market, becoming the most valuable NFT in the physical market. Is Bored Ape Yacht Club finished? It still maintains a considerable market value. However, it seems that the peak period has faded, the founders have left, and as people leave, so does the warmth. If Yuga Labs can maintain community engagement and confidence, perhaps there is still a chance to return to glory.
This article is reproduced with authorization from: (Chain News)
Original title: (NFT trading begins to revive, but will Bored Apes go to zero? The last founder is also leaving)
Original author: DW
'NFT trading begins to revive! But will Bored Apes go to zero? The last founder is also leaving' was first published in 'Crypto City'
