Binance NFT will terminate BAYC and MAYC NFT staking products on August 1, 2025, due to APE NFT staking mechanism adjustments, returning all staked NFTs by August 3.
This significant shift could alter NFT liquidity dynamics, impacting approximately 10,000 users and related assets like APE token, with no immediate financial reallocations stated.
With key figures from Binance and Yuga Labs remaining silent on social media, there is noticeable anticipation on how the market will react. Initial community responses on platforms like Twitter suggest varied opinions, yet no official commentary has been issued.
CoinMarketCap data reveals ApeCoin’s current price is $0.64, with a market cap of $483,159,610 and a trading volume of $41,171,357 in the past 24 hours. Recent price changes include a 2.25% fall in 24 hours and a 20.52% rise over 90 days.
Binance NFT Team, Official Announcement, Binance – “Due to adjustments in the APE NFT staking mechanism, Binance NFT will stop the staking products for BAYC and MAYC NFTs starting from 14:00 (UTC+8) on August 1, 2025. All BAYC and MAYC NFTs currently staked on the Binance NFT platform will be automatically unstaked at 14:00 (UTC+8) on August 1, 2025, and returned to the user’s Binance account by 14:00 (UTC+8) on August 3, 2025. After unstaking, these NFTs will no longer generate staking rewards.”
Did you know? Removing staking rewards typically results in short-term liquidity outflows in the NFT market.
Analysis by the Coincu research team suggests that with Binance’s withdrawal of NFT staking, there may be an observable recalibration of the NFT market. Historical trends indicate that removing staking rewards typically results in short-term liquidity outflows.
Recent price changes include a 2.25% fall in 24 hours and a 20.52% rise over 90 days.
