Yuga Labs sees its Coin and NFTs Plummet to Ultra Lows.

Krutika Adani

Apecoin, the native token has also plummeted 97% from its all-time high.

Apecoin's price now rests just above $1.

Bored Ape NFTs have seen a crash in their floor price which now stands at 12.87 ETH.

The reason for the crash seems to be new NFT collections and alternative blockchains.

The high gas fee on Ethereum has always been a cause of trouble for NFTs.