The listing price of Bored Ape #5278 has dropped by more than 100 ETH compared to its last transaction, and the overall NFT market performance remains sluggish.

PANews reported on March 28, citing CoinDesk, that despite several digital art projects debuting at Art Basel Hong Kong, the overall NFT market remains sluggish, showing no clear signs of recovery. Specifically, Bored Ape #5278 from the "Bored Ape" series is currently listed at just 7 ETH, more than 100 ETH below its last transaction price, reflecting a significant pullback in the valuation of top NFT assets. Once seen as a rapidly emerging asset class, the NFT art market has noticeably cooled, with both liquidity and price performance continuing to face pressure.