In recent times, the blue chip Non-Fungible Token (NFT) collectibles market in the cryptocurrency space has seen intense fluctuations, with several premier collectibles experiencing significant price drops. According to data analysis from DeFiLlama, renowned NFT series such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), BAKC, CloneX, Doodles, and Moonbirds have seen their floor prices plummet more than 90% compared to their historical peaks. Specifically, BAYC has dropped by 93.33%, MAYC by 94.41%, BAKC by 97.62%, CloneX by 98.24%, Doodles by 91.91%, and Moonbirds by an astonishing 99.07%. These figures highlight the severe challenges currently faced by the NFT market and the need for investors to cautiously assess risks.