Investors leave OpenSea and Blur: NFT Crater

NFT prices have continued to decline for several years in a row, and trading volumes plummeted after the first $XP drop on OpenSea. The Bored Ape Yacht Club and Pudgy Penguins collections have fallen by more than 50% since the summer. Weekly trading volumes fell by 48%, and on Blur — by 60%

Bored Ape Yacht Club prices have fallen 26% over the past month to 6.55 $ETH, or $24,000, the lowest level since 2021. Meanwhile, the Pudgy Penguins price has fallen 33% over the past month to 6.65 ETH and is down 80% from the all-time high in December, which was driven by the launch of the $PENGU token

Azuki, another collection whose floor price at its peak exceeded 35 $ETH, has gone through its entire life cycle. Recently, the collection's price fell below 1 $ETH due to mass liquidations of Blur loans

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