Lens Protocol Profiles NFTs, a class of non-fungible digital assets (NFTs) on the OpenSea platform, have fallen by more than 60% in the past week, and are now only around $50 (this represents the lowest price in the world). where an NFT in the collection is listed for sale)
The reason for this sudden price drop could be related to Lens Protocol Profiles NFTs launching an invite test system on July 13. News of this price drop has attracted the attention of the crypto community and investors are interested in the NFT market. We will continue to report when we know the exact cause of this drastic price drop.