Dozens of BAYC Holders Nearing $5.3 Million Margin Call After Taking Out Loans Against Their NFTs

Things could get real ugly, real fast for some of these people.

It’s not a great time to be a Bored Ape Yacht Club (BAYC) right now, or really anything crypto-related. However, the exorbitant prices in these JPEG communities are getting hit especially hard as the price of these plummet as much as 80%



Financial stability should be for everyone, and we are here for all things business, fiscal responsibility, personal growth, and building wealth with a focus on startups, venture capital, invest and equity crowdfunding.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Caleb Naysmith

Head of Startup News at Benzinga, Founder of Democratizing.Finance — Law School student, Army Officer, and writing about Startups and Equity Crowdfunding!