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The NFT market performance remains weak, with BAYC 5278 dropping more than 100 ETH compared to the last transaction price.
Odaily Planet Daily reports that despite multiple digital art projects debuting at the Hong Kong Basel Art Fair, the NFT market overall still shows signs of weakness, with no significant recovery in sight. Specifically, the listing price for Bored Ape #5278 from the “Bored Ape” series is currently only 7 ETH, down over 100 ETH from its last transaction price, reflecting a substantial pullback in the valuation of top NFT assets. As a once rapidly rising asset class, the popularity of the NFT art market has significantly cooled, with liquidity and price performance both remaining under pressure. (CoinDesk)