The Dark Side Of NFTs – Here’s The Top Ten NFTs That Have Faced Brutal Downturn Lately

The non-fungible token market, which once spiked into massive highs sometime in 2021, has declined in recent months. Even though the market has been trying to retest market hype, with many NFTs making an uptrend, several NFTs are still spiraling downwards. Below we have listed some of the NFTs that faced brutal downtrend in their floor price in recent days:

NFT Floor Price: Source: NFT Floorprice.com

1. Wrapped CryptoPunks NFTs

Wrapped CryptoPunks is an NFT collection featuring original CryptoPunks wrapped with ERC-20. The NFT collection has spiraled downward in recent weeks while other NFTs march forward. In the past seven days, the NFT collection has dropped 58% in its floor price. Wrapped CryptoPunks floor price has dropped from around 90 ETH to 56.41 ETH.

2. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club, the NFT collection from digital asset firm Yuga Labs featuring a limited edition of 10,000 NFTs, has recently faced a brutal comedown. In the past seven days, the NFT collection has plummeted 19% in its floor price. The Bored Ape Yacht Club NFTs floor dropped from around 35 to 30 ETH.

3. Azuki NFTs

Blue-chip Azuki is an NFT collection from digital asset firm Chiru Labs featuring a fixed set of 10,000 NFTs. Even though the Azuki NFT collection has recently recorded positive gains in sales volume, its floor price is down 56%. Azuki NFTs collection fell from around 14 ETH last week to 6 ETH.

4. DeGods NFTs

DeGods is a collection of PFP NFTs featuring godly characters with modern streetwear and ancient deity-inspired art. The NFT collection has plummeted in recent weeks, dropping 19% in its floor price. DeGods has dropped from around 8.44 ETH to 7.10 ETH in the past seven days.

5. CryptoPunks

CryptoPunks is an NFT collection previously from digital asset incubation studio Larva Labs featuring a limited of 10,000. The NFT collection has plummeted in recent weeks, with its floor price falling 10% in the past seven days. CryptoPunks floor price dropped from around 47 ETH to now 43 ETH.

6. Proof Collective NFTs

The PROOF Collective is an NFT collection made up of 1,000 identical NFTs minted on the Ethereum blockchain. This NFT collection has plummeted in recent weeks. Its floor price has dropped 14% to 5.79 ETH in the past seven days.

7. Beeple Genesis NFT Collection

Beeple Genesis Collection is an NFT collection from digital artist Mike Winkelmann, popularly known as “Beeple”, featuring a limited collection of 102 NFTs. Beeple’s NFT collection has dropped in recent days. Beeple NFT collection has dropped 7.42% to 55 ETH in the past seven days.

8. Mutant Ape Yacht Club NFTs

Mutant Ape Yacht Club is an NFT collection from digital asset firm Yuga Labs featuring a limited set of 20,000 NFTs. The NFT collection has recently dropped in sales. In the past seven days, Mutant Ape Yacht Club’s floor price has dropped 28% to 5.2 ETH.

9. Pudgy Penguins NFTs

Pudgy Penguins is a non-fungible token (NFT) project comprising a limited collection of 8,888 cute chubby birds-themed NFTs. Pudgy Penguins have recorded negative gains in recent weeks. Pudgy Penguins’ floor price has dropped 10% to 3.68 ETH in the past seven days.

10. Milady Makers NFTs

Milady Maker is an NFT collection from digital asset firm Remilia featuring a limited set of 10,000 NFTs. The NFT collection has plummeted in recent weeks. Milady Maker’s floor price has declined by 7.02% in the past seven days to 2.78 ETH. The last time Milady Makers NFTs surged was last month after Billionaire Elon Musk tweeted about them.