Potential BAYC NFT Liquidations Could Cause An Overall NFT Market Downturn

Potential BAYC NFT Liquidations Could Cause An Overall NFT Market Downturn


Ethereum World News
2022-08-20 17:46:45

Bored Ape NFT liquidation cascade is inevitable according to Web3 launchpad founder “DoubleQ” Many BAYC holders who deposited on BendDAO in exchange for $ETH are at risk of being liquidated. OpenSea NFT volume is currently at its lowest point in the last 12 months. The Bored Ape NFT holders are anything but bored right now as a potential cascade of liquidations looms over on NFT liquidity Pool BendDAO. BAYC holders that deposited their NFTs on BendDAO in exchange for $ETH, […]