Daily Market RecapMonday, October 5, 2026

BAYC's Co-Founder Fires Back After a Top Collector Says the Collection 'Ruined NFTs'

Collector pranksy argued BAYC overshadowed the technology itself, turning NFTs into "the ape thing" and flooding the market with copycats — and BAYC co-founder Greg Solano answered him directly, pointing out that pranksy sold off apes early and has launched copycat-style NFT projects of his own since. The exchange is real and drew thousands of replies across the day. On the board, three collections slid quietly — Otherdeed, Mutant Ape Yacht Club and Azuki Elementals all down — with the index itself off just 0.75% on the day.

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Listen — narrated by Alex

~90 sec

NFT30: A Collector Says BAYC Ruined NFTs, Its Co-Founder Answers

Pranksy said BAYC overshadowed NFT technology and flooded the market with copycats; co-founder Greg Solano fired back directly. Meanwhile three collections slid quietly on a calm day for the board 👇

BAYC: 'Ruined NFTs' or Just the Easy Target?

Pranksy's claim that BAYC "ruined NFTs" by becoming the public face of the category drew a direct reply from co-founder Greg Solano, who pointed to pranksy's own early sales and copycat projects since. Thousands of replies followed.

A 'M2 Trippy Captain's Hat' Mutant Ape Sells at 2.6x Floor

Rank #26 carrying the GRAIL-tier M2 Trippy Captain's Hat trait sold for 2.29 ETH — about $6,184, 2.6 times the floor.

A 'Snoutz Jersey' Meebit Sells at 2.8x Floor

Rank #3557 carrying the PREMIUM-tier Snoutz Jersey trait sold for 1.1289 ETH — about $3,048, 2.8 times the floor.

Three Collections Slide Quietly

Otherdeed is down 7.2% today, Mutant Ape Yacht Club down 5.4% and Azuki Elementals down 3.1% — a quiet pullback with no single cause standing out.

A 4-Star Ordinal Leads Fresh Listings

A 4-star Ordinal listing at 0.017 SOL landed alongside two more 4-star pieces at 0.1389 ETH and 37.27 ETH, all within the last day.

This Week's Top Sale: A 'Rainbow' StonkBroker at 2.9x Floor

Rank #10 carrying the PREMIUM-tier Rainbow trait sold for 4.9 ETH — about $13,173, 2.9 times the floor.

The numbers

NFT30 index: 50.23 (24h -0.75%) · 7d +1.12%
#26271 sold for 2.29 ETH (~6184 USD) — 2.6× floor
Meebit #6547 sold for 1.1288845152125 ETH (~3048 USD) — 2.8× floor
RENGA #2667 sold for 0.2 ETH (~539 USD) — 5.5× floor

📜 Transcript

ALEX: Pranksy says Bored Apes ruined NFTs. And BAYC's co-founder answered him personally.

ALEX: Pranksy's case is that a real technology turned into "the ape thing," and then into years of copy-paste projects.

ALEX: Greg Solano fired back that pranksy sold his apes early and has launched copycat-style projects of his own since then.

ALEX: That's a claim in a fight, not a fact we can check. But it's a good fight.

ALEX: OSSEN piled in on pranksy's side too. Status tickets, celebrity shilling, a coin. He listed all of it.

ALEX: And the floors? They didn't pick a side. Nothing on the board ties a move to the argument.

ALEX: What the board does show is a market that's gone very quiet.

ALEX: Everything we track is worth about a billion and a half dollars, and that number barely moved all week.

ALEX: Trading did move, though. Weekly volume is down by more than half, and most of that missing money was on Ethereum.

ALEX: Robinhood Chain had the rough week. Its market cap lost about a sixth while the other chains held up.

ALEX: So where was anyone actually excited? The Argonauts.

ALEX: Their floor is up about a quarter in a week, and the coin underneath only rose a few percent. So this is the collection itself, not ETH.

ALEX: And most of that came in the last three days. It's up by half since then, though it gave a little back on the final day.

ALEX: The sale that sums it up? A top-thousand piece that went for ten times floor.

ALEX: A quick word on "times floor." It means how many cheapest-available pieces you could have bought for the same money.

ALEX: The best trait on this piece is worth about six times floor. So the buyer paid well past what the traits explain.

ALEX: Who paid it? A wallet with almost no tracked history, which now holds five of them.

Written automatically from on-chain data · Not financial advicePowered by Provenance ↗