Bored Ape Floor Finds a Bid as Yuga Labs Restructures Around Otherside
After a multi-year drawdown, BAYC's floor price stabilized following a leaner Yuga Labs and a renewed push behind the Otherside metaverse.
Found 5 results for “drawdown”
After a multi-year drawdown, BAYC's floor price stabilized following a leaner Yuga Labs and a renewed push behind the Otherside metaverse.
Aggregate NFT market capitalization has fallen from a 2023 high of $184 billion to under $500 million, but core infrastructure activity has continued to compound.
Holder concentration has tightened steadily through the drawdown, with the BAYC collection's economic ownership now spread across the smallest distinct wallet set in its history.
An October all-time high was followed within weeks by a sharp reversal, ending a long stretch of relative calm and rekindling cycle-top discussions.
The MicroStrategy playbook works beautifully in a bull market and brutally in a sustained drawdown. The next twelve months will be the test.