An argument can be made that neither team deserved to lose Saturday’s thriller between UNC and Kentucky, but the fact remains that Malik Monk’s incredible 47-point outing was enough to hand the Tar Heels their second defeat of the season.

A showdown between a pair of top ten teams, the game showcased everything great about college basketball.

Because they took the blemish, however, the Tar Heels fell one spot in the rankings–checking in at No. 8 in the latest AP Top 25 released on Monday.

It’s the lowest UNC has been ranked all year.

Villanova remains atop the poll, while UCLA–the only team to defeat Kentucky this season–kept its place at No. 2

Kansas, Baylor and Duke round out this week’s top five, as the Wildcats held steady at No. 6 following Monk’s heroics against the Tar Heels in Las Vegas.

Taking over for UNC at No. 7 is Gonzaga, an 11-0 squad which has beaten Arizona, Washington and Tennessee during the month of December.

Also, for the second straight week, the ACC has six teams ranked in the top 25.

Louisville (No. 10) made an entrance into the top 10, while No. 12 Virginia, No. 21 Florida State and No. 25 Notre Dame remained in the mix.

The Tar Heels play just once this week, a home game on Wednesday against Northern Iowa.

For the full AP Poll, click here.