币界网报道：Bored Ape Yacht Club (BAYC) NFT floor price has plummeted 29% to 10.25 ETH, marking its lowest level since May 2021. The once-dominant NFT collection has seen its value erode amid broader market declines and waning interest in high-profile digital collectibles. Data from NFT Price Floor shows the collection's market capitalization has shrunk to approximately $200 million, down from its April 2022 peak of over $2.9 billion. Several factors contribute to the decline, including the crypto winter's prolonged impact, reduced speculative trading, and shifting collector preferences toward utility-driven projects. Notably, BAYC's trading volume has dropped significantly, with only 15 sales recorded in the past 24 hours. The collection's diminishing appeal reflects a broader trend in the NFT market, where blue-chip projects face increasing pressure to demonstrate lasting value beyond status symbols. Yuga Labs, BAYC's creator, continues developing new initiatives like Otherside metaverse and gaming integrations, but these efforts have yet to reverse the downward price trajectory. Market analysts suggest the decline may stabilize if Ethereum's price rebounds or if Yuga delivers compelling utility for BAYC holders. The project's upcoming events and partnerships will be closely watched for signs of renewed interest in the iconic NFT collection.