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%…