Remember those cartoon apes that everyone was talking about in 2021? Well, get ready for some serious sticker shock. The price of a Bored Ape Yacht Club (BAYC) NFT has crashed 90% from its peak, swinging from fancy yacht owner to back-alley banana vendor status.

Back in the crypto boom, BAYC apes were the hottest ticket in town, with celebrities lining up to buy these digital monkeys for hundreds of thousands of dollars. But just like any fad diet, the hype fizzled out. Interest in Ethereum-based NFTs is dwindling, and newer collections on Bitcoin and Solana are stealing the spotlight.

These apes have seen better days. In May 2022, a single BAYC could fetch you a cool $400,000. Today? More like $30,000 – ouch! While some folks might be wondering if NFTs are headed for extinction, BAYC still holds some weight. They're the top dog (or should we say ape?) in the NFT world, with a market cap of $340 million. Plus, owning a BAYC gets you access to exclusive events and a fancy online club – bragging rights included.

So, is this the end of the NFT craze? Only time will tell. But one thing's for sure: these Bored Apes are having a case of the Mondays.