Monday, May 29, 2023

Bored Ape Yacht Club Floor Price Higher Than CryptoPunks For the First Time

© 2021 The CryptoApa, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Must read

Stanislav Shishkin
Stanislav Shishkin
Stanislav is one of the lead copywriters on and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Stanislav at

The floor price for Bored Ape Yacht Club NFTs has flipped that of the famed Crypto Punks.

Yesterday, we saw the floor price for NFTs from the Bored Ape Yacht Club (BAYC) collection surpass that for the famed Crypto Punks for the first time.

The Flippening

Data from OpenSea shows that yesterday, the floor price of the BAYC NFT collection was at 54 ETH, while the floor price of an NFT from the CryptoPunk collection was 52.8 ETH.

In other words, we witnessed the first-ever flippening in the world of NFTs, where the most expensive collection officially was the Bored Ape Yacht Club.

Here’s Why

Commenting on the matter was Bobby Ong, the Co-Founder, and COO of CoinGecko, who outlined three reasons for which he believes this happened.

First, he said BAYC has generous IP (Intellectual Property) rights compared to Punks. Indeed, BAYC NFT owners receive some IP rights associated with the tokens. They are using these rights to create a blockchain-based game, and they partnered with Animoca Brands to do so.
The second reason is pretty straightforward – plenty of celebrities have shown support for the project. FT superstar Stephen Curry purchased a Bored Ape NFT for $180K back in August, and he is just one of the famous people who’ve been involved.
Last but not least, Ong mentions that BAYC, unlike Crypto Punks, has “teased a token to go with the NFT.” The announcement came from BAYC during October this year and said that they are looking at the first quarter of 2022 for the launch.

More articles


Please enter your comment!
Please enter your name here

Latest article