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The NFT market performance remains weak, with BAYC 5278 dropping more than 100 ETH from the previous sale price.
Golden Finance reports that on March 29, despite several digital art projects being showcased at the Hong Kong Basel Art Fair, the NFT market overall still shows signs of weakness, with no significant signs of recovery.
Specifically, the listing price for Bored Ape #5278 from the “Bored Ape” series is currently only 7 ETH, down more than 100 ETH from its last transaction price, reflecting a significant pullback in the valuation of top NFT assets. Once regarded as a rapidly rising asset class, the NFT art market has notably cooled down, with liquidity and price performance under continued pressure.