PANews reported on May 20 that Cirrus, an advisor at Arcade.xyz, posted on the X platform stating that four months ago, when the BAYC floor price fell below 25 ETH, an address swept in over 1% of the supply in an attempt to bottom fish. However, the value of these BAYCs has now dropped by approximately 1400 ETH (about $4.3 million).

Blur data shows that the current BAYC floor price is 13.4 ETH, with a 7-day decline of 7.66%.