NFT collections developed by Yuga Labs are experiencing a huge increase in transaction volumes.
A recent report by the U.S. Securities and Exchange Commission on Yuga Labs launched an investigation had been learned.
Following this news, developed by Yuga Labs Mutant Ape Yacht Club and Bored Ape Yacht Club There has been a huge increase in the transaction volume of NFT collections.
The transaction volume of the Mutant Ape Yacht Club collection is within 24 hours. by 300 percent while this rate is increasing for the Bored Ape Yacht Club collection. around 86 percent it happened.
The investigation initiated by the SEC against Yuga Labs has not yet been concluded. However, although Yuga Labs has not yet been convicted, this increase in trading volumes has caused investors to “to panic sell” it’s due to start.