The Bored Ape Yacht Club Saga: Triumphs, Trials, and Tragedies
Too Long; Didn't Read
The Bored Apes Yacht Club (BAYC) initially gained popularity during the NFT hype cycle but faced challenges later on. Despite not selling out immediately, the collection became popular due to its friendly community and non-speculative discussions. However, as BAYC gained more attention, it attracted speculators and its floor price rose significantly. This led to concerns about the project's original values and caused a decline in sentiment. The article aims to explore the reasons behind BAYC's changing dynamics and what led to its current state.