Mutant Ape Yacht Club

MAYC NFTs have risen in floor price to a new all time high of 32.7 ETH (making each NFT worth around $100,000 USD or more). How high can the Mutant Apes go?

MAYC and other NFTs hit new ATHs

The NFT market is currently booming, more so than the crypto market.

Bitcoin holding stable above $40,000 and Ethereum above $3,000 will have helped improved investor confidence in NFTs, but the two largest cryptos are yet to make new all-time highs since late 2021.

Several of the largest blue chip NFT collections have recently put in new peaks though – this week the Bored Ape Yacht club hit a new ATH floor price of almost 125 ETH on Opensea.

BAYC and MAYC are ranked the top #1 and #2 NFTs by floor cap (market cap) on NFT price tracking websites such as NFTPriceFloor, Coinmarketcap and Coingecko.

MAYC floor price

New Mutant Ape Yacht Club all time high floor price of 32.7 ETH

The two flagship collections of Yuga Labs, along with the price of ApeCoin (APE) pumped in response to rumors of a Genesis drop of virtual land plots in the Otherside metaverse.

Azuki NFTs also had a 100% pump last month in the run-up to a mystery NFT airdrop.

Then there’s the Moonbirds, a new collection run by one of the most high-powered teams of NFT creators on the market, the PROOF Collective.

Their expertise has brought in such high investor interest that the Moonbirds floor price flipped Azuki, then even overtook MAYC, with their latest all time high floor being 34 ETH (update – they briefly hit 39 ETH).

The Mutant Apes still have a higher market cap however, based on their higher total supply.

NFT market cap

Q2 2022 NFT rankings by market cap

There can be a maximum of 20,000 Mutant Apes created by exposing an existing Bored Ape to a vial of Mutant Serum.

MAYC today has a market capitalization of 596,000 ETH, slightly more than the CryptoPunks (also recently acquired by Yuga Labs) and beaten only by BAYC’s 1.2 million ETH marketcap.

Some rare Mutant Apes have sold for over a million dollars, upwards of 300 ETH. A rare CryptoPunk sold this month for 1050 ETH.

Based on the new MAYC ATH floor of 32.7 ETH, and today’s intraday high for Ethereum of $3180, that puts the Mutant Ape all time high floor price at $103,986 in US dollar terms.

Moonbirds are the fastest growing NFTs in terms of trading volume however and their market cap is not far behind at 331,000 ETH. They may soon also flip CloneX in market cap

Update – now Moonbirds have flipped CloneX, and MAYC hit a 40 ETH floor price.

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Cryptoassets are a highly volatile unregulated investment product.