Bored Ape NFT floor prices double in a month as market recovers from overselling.

Bored Ape Yacht Club (BAYC) floor prices have doubled from around 5 ETH to over 10 ETH in the past month, accompanied by ApeCoin rising from below $0.10 to about $0.16. Yuga Labs CEO Michael Figge attributes this surge to a market recovery from an oversold state rather than mere hype. The rebound is driven by renewed retail interest in speculative crypto assets, with other blue-chip NFTs like Pudgy Penguins also rallying. Yuga Labs is focusing on community building, hosting global meetups to strengthen the social aspect of the BAYC ecosystem, which had been neglected in recent years.