
A series of Bored Ape Yacht Club (BAYC) loan liquidations on NFT liquidity pool BendDAO could wipe out the entire NFT market, warned pseudonymous crypto analyst “doubleQ."
What Happened: BAYC holders that deposited their NFTs on BendDAO in exchange for short term Ethereum (CRYPTO: ETH) are at risk of being liquidated and losing their assets, as per data from BendDAO.