An interesting data that I found today is that BAYC just hit its highest unique holder count since 2022 at 5652
While MAYC is steadily increasing, but not to the same pace as BAYC’s recently
Why is that? Some observations below:
1️⃣ Long-time MAYC holders getting their BAYC
2️⃣ Collectors outside BAYC, say from other NFT projects like Pudgy Penguins, buying BAYC instead of MAYC
3️⃣ Most of the NFTs offloaded by Machi are bored apes, not mutant apes, thus opening opportunities for new collectors to get into the club