Spotlight

Bored Ape Yacht Club NFT's APE Coin Crashes 80% On Launch

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Spotlight

The popular NFT Collection Bored Ape Yach Club launched a new crypto token for its ecosystem!

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Its called APE Coin and it was airdropped to all of BAYC NFT owners.

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But guess what? The Ape Coin price crashed by 80% within the first two hours of debut trading

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From $39.40, APECOIN made a low of $6 before it went back up to $8

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Due to the crash of the APECOIN, the floor price of BAYC NFT also took a hit.

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The floor price fell from 90 eth, i.e, $250,000 to around 79 ETH ($220,000)

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However, things seem to be much more stable now 

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Spotlight

However, things seem to be much more stable now 

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