There appears to be no breathing room in the cryptosphere in the face of the extraordinary market sell-off on Monday. According to NFT Price Floor data, the minimum prices in Bored Ape Yacht Club (BIKE) as well as Cryptopunkstwo of the most popular collections of non-fungible tokens, or NFTs, on the market dropped to 74 ETH ($92,223) and 48 ETH ($69,473), respectively.

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In comparison, items from the BAYC collection had an all-time high minimum price of 153.70 ETH, while the same figure was 123 ETH for CryptoPunks. The data aggregator tracks 380 collections with a total market capitalization of $5.58 billion at press time.

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The sell-off among NFTs was exacerbated in part by a warning just a day earlier, when Gordon Goner, co-founder of Yuga Labs — the firm that owns the BAYC and CryptoPunks collections — issued a warning about an “imminent” attack on social media accounts. operates under the auspices of the firm.

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The inbound attack allegedly has the support of a Twitter insider who can bypass account security. Yuga Labs’ social accounts have already been hacked three times this year, some of them linked to sophisticated phishing attacks that drained NFT users of millions of dollars.

Meanwhile, according to DappRadar, the number of users of OpenSea.io, the largest NFT market by volume, has increased. fell 14% last month. At the same time, monthly trading volume fell 65% to $500 million. Interestingly, the number of transactions increased by 6.4% compared to the previous month, possibly due to the huge number of users looking to sell their NFT collections at a better price.