Bored Ape Yacht Club (BAYC) floor prices doubled over the past month, according to the source, as traders moved back into speculative crypto positions. A floor price is the lowest listed price for an item in an NFT collection, and it is commonly used as a quick gauge of market sentiment. The rise in BAYC, one of the best-known NFT collections, suggests risk appetite has improved in parts of the digital asset market. The source says this rotation into more speculative bets has also revived hopes of a broader NFT recovery, although no wider market figures were provided.