BAYC Floor Doubles in a Month as Traders Rotate Back Into Speculative Crypto!

Bored Ape Yacht Club floor prices have surged from roughly 5 ETH to over 10 ETH in the past month, with ApeCoin rallying from below $0.10 to around $0.16 on sharply higher volumes — the clearest sign yet that retail appetite for high-risk crypto bets is returning.

Yuga Labs CEO Michael Figge pushed back on pure hype framing, noting that unique holder counts had actually climbed throughout the prolonged price downturn. "It's clear from the numbers that for some time, as far as blue-chip digital collectibles go, it was oversold," he told CoinDesk. "You had this huge compression in price, but if you actually look at an overlay graph, unique holders were actually up."

The revival extends beyond BAYC. Pudgy Penguins have also rallied strongly, a $2.8 million CryptoPunk-backed NFT loan — reportedly one of the largest on record — circulated widely last week, and OpenSea speculation around a…