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The NFT market was 'oversold' and prices fell too far, says Yuga Labs’ new CEO

Summary by Coin Desk
BAYC floor prices have doubled in a month as traders rotate back into speculative crypto bets, reviving hopes of a broader NFT recovery.

6 Articles

The Bored Ape Yacht Club are back. The collection of NFTs (non-expendable tokens, unique digital assets that represent the property of an illustration or piece of art) most famous in the world has featured a price and volume rebound that surprises after months of lethargy. According to OpenSea data, the minimum price of a Bored Ape, which in January 2026 was around 18 ethers, has climbed to 35 ethers in the last days. A 94% rise that returns opt…

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Coin Desk broke the news in Manila, Philippines (the) on Sunday, May 10, 2026.
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