BAYC, along with Mutant Ape Yacht Club, Bored Ape Kennel Club and Bored Ape Chemistry Club, had combined daily sales of more than $100 million last Thursday, according to NFT data aggregator CryptoSlam. Meanwhile, ApeCoin saw a strong recovery in price after a drop in price following its midweek launch.
Yehuda Petscher, strategist at NFT data aggregator CryptoSlam, said: “Traditionally, CryptoPunks are what we think a bull market is coming. Usually as the U.S. tax season in April approaches, investors who have profited from NFTs will start to reinvest in smaller collectibles.
According to Dune Analytics, NFT marketplace OpenSea’s March sales were down nearly 60% from the same period in February, and its main competitor, LooksRare, isn’t doing much better.
