--- title: "The Bored Ape Crypto Just Hit an All-Time Low" description: "The Ethereum-based token called ApeCoin, linked to the once-coveted Bored Apes NFT collection, dropped to an all-time low on Tuesday." date: "2023-08-02" modified: "2023-08-02" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/bored-ape-crypto-apecoin-all-time-low" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "apecoin" - "bored apes" - "nfts" - "the digest" --- # The Bored Ape Crypto Just Hit an All-Time Low ![The Ethereum-based token called ApeCoin, linked to the once-coveted Bored Apes NFT collection, dropped to an all-time low on Tuesday.]() *\Image: OpenSea\* ## Tired Apes The Bored Apes are not well. The Ethereum-based token called ApeCoin, linked to the once-coveted NFT collection of tired primates, has dropped to an all-time low this week, [*Decrypt* reports](), indicating that Bored Apes maker Yuga Labs' efforts to inject some enthusiasm back into the trend aren't working. The news comes just days after Yuga Labs showed off elements of its upcoming metaverse game called Otherside at an exclusive event, which is based on ApeCoin. In short, the appetite for NFTs is continuing its long and painful decline, dragging the value of Bored Apes along with it. ## Historic Lows ApeCoin dropped to a historic low of [just $1.77]() late Monday, but rebounded slightly to a still abysmal $1.79 at press time. That's down roughly nine percent since last week. The token first launched in March 2022 at a price of $8.54, hitting highs of well over $26 in April, *Decrypt* reports. Around the same time, the value of Bored Ape NFTs was at its peak, with some of them being sold for [millions of dollars](). Last month, those prices [hit multi-year lows]() with some dropping to just $52,000. Does that mean we're looking at the end of the trend? While Bored Apes' heyday of being endorsed and collected by celebrities is long over, there's clearly a lingering interest left over. In other words, they may be a shadow of what they once were, but NFTs aren't going permanently anytime soon. **More on Bored Apes:** *[Remember Bored Apes? They're Almost Worthless Now]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()