MASSIVE Bored Ape NFT Liquidations! Disaster for NFT Markets Begins

“Several Bored Ape NFT holders borrowed against their NFT on BendDAO. Liquidation risk has been rising because Bored Ape NFTs floor price has been falling. BendDAO cofounder also risks being liquidated on his platform. To make matters worse, BendDAO is experiencing a bank run. The so-called “NFTfi” protocol saw its”

As of today, this “MASSIVE Bored Ape NFT Liquidations! Disaster for NFT Markets Begins” video, uploaded by Paul Barron Network on 2022-08-22 18:00:12, was viewed 13071 times and had 846 likes.

An NFT, non-fungible token, is a non-interchangeable unit of data that may be sold and traded and is held on a blockchain, a type of digital ledger. Digital media such as photographs, audio, and videos may be connected with several types of NFT data units.