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

According to CoinDesk, despite several digital art projects being showcased at the Art Basel in Hong Kong, the overall performance of the NFT market remains weak, with no significant signs of recovery.

Specifically, the listing price for Bored Ape #5278 from the "Bored Ape" series is currently only 7 ETH, down more than 100 ETH from its last transaction price, reflecting a significant pullback in the valuation of top NFT assets. Once regarded as a rapidly emerging asset class, the NFT art market has notably cooled, with both liquidity and price performance under continued pressure.