The NFT market performance remains weak, with BAYC 5278 dropping over 100 ETH compared to the last transaction price

Despite multiple digital art projects debuting at Art Basel Hong Kong, the overall performance of the NFT market remains weak, with no obvious signs of recovery.

Specifically, the listing price for Bored Ape #5278 from the "Bored Ape" series is currently only 7 ETH, down over 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, with both liquidity and price performance continuing to face pressure.