BAYC, MAYC, and Meebits – what Yuga Labs are up to now

Yoga LabsThe organization behind such well-known NFTs as PikeAnd the MAYC and CryptoPunks, Recently added new updates Meetbit مجموعة group.

Here AMBCryptos ApeCoin Price Predictions [APE] for the year 2022-2023.

According to a tweet posted by Yuga Labs, the project will roll out MB1 – a concept that Meebits holders can get their hands on. Physical access to their NFTs.

Turn up the volume

Instead of this announcement, Meebit’s NFT group has seen quite a bit of growth in the charts. according to NFTGoAn NFT analysis website, the total volume of the Meebits group is up 178% in the past 24 hours.

However, it was not the Meebits group that received a positive rise. Other groups such as Yuga Labs’ Bored Ape Yacht Club and Mutant Ape Yacht Club have also seen some improvements.

The Pike The group posted a 200% increase in volume in the last 24 hours. Despite this sudden increase in volume, the overall floor price has fallen by 17.40% in the past 30 days. However, there was a significant amount of selling, indicating increased activity around this NFT group.

Source: NFTGo

The MAYC Group has also seen some growth in size. However, it was not as important as Pike and Meebits where they only gained 3.24% in the last 24 hours. The overall floor price has also decreased by 17%.

Other negative developments for MAYC include a decrease in the number of holders and merchants of its NFT pool. The number of buyers decreased by 18.44% over the past month and the number of holders decreased by 0.24% over the same time period.

Source: NFTGo

Despite MAYC’s poor performance, Yuga Labs still dominates the NFT market. As shown in the attached chart, Yuga Labs’ NFT kits continue to command a huge market share compared to other kits.

Source: Dune Analytics

Yuga Labs’ growth may also affect the development of ApeCoin.

At the time of writing, APE is trading at $4.56 and is up 3.16% in the last 24 hours. However, its volume continued to decline, dropping 9.50% over the same time period.

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