The NFT market performance remains sluggish, with BAYC #5278 having fallen by over 100 ETH compared to its last transaction price

Odaily According to CoinDesk, despite the appearance of several digital art projects at Art Basel Hong Kong, the overall performance of the NFT market remains weak, with no clear signs of recovery. Specifically, Bored Ape #5278 from the "Bored Ape" series is currently listed at just 7 ETH, a drop of over 100 ETH from its last transaction price, reflecting a significant valuation pullback for top-tier NFT assets. Once seen as a rapidly emerging asset class, the NFT art market has notably cooled, with both liquidity and price performance continuing to face pressure.