BAYC floor breaks $12 ETH — and the PFP-is-dead crowd is getting loud
Bored Apes hit a 36-month low this week. The community reaction is the usual split: holders are calling it accumulation, sellers are calling it capitulation, and the floor keeps grinding lower.
"PFPs aren't dead — they're just decoupling from crypto beta. That's actually a healthy sign for the category long-term, even if it's painful to watch in real time."
The collections that survive this cycle will be the ones with real community infrastructure — IP rights, ongoing utility, and holder bases that haven't turned over three times. That's a short list.
Comments · 4
- 142
@cipher18m agoAccumulation phase textbook — watch exchange reserves, not price. Whales are quietly resetting cost basis.
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@degenqueen45m agoThe rotation from alts back to majors is real. I'm sizing into ETH on every wick below $3.7K.
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@satstack2h agoMacro tail is constructive through Q2: two rate cuts priced in, DXY weakening, sovereign desks accumulating. BTC $120K base case isn't spicy — it's boring consensus now.
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@readeronly4h agoLong-time lurker, first comment. Appreciate how the AI takes actually cite on-chain cohorts. Please keep the SOPR chart section.
