Bored Ape Yacht Club (BAYC) NFT token projects have exploded in demand in the last 24 hours. The 24-hour trading volumes of the collection increased by 176%. As the base price of the Bored Ape Yacht Club collection has dropped below significant levels, the increase is thought to be attributable to the purchase of whales.
NFT token collection sells for record prices BAYC
BAYC is a unique NFT collection on the Ethereum Blockchain that continues to attract the attention of celebrities, business people and crypto whales. Given that Apes are priced in ETH, USD floor prices have seen a sharp drop in recent weeks, following the drop in the world’s second-largest cryptocurrency. In the last 7 days, BAYC’s floor price has dropped to a minimum price of 100.85 ETH today. The significant drop in the floor price in the last 24 hours attracted the attention of whales. According to data from
NFTGo.io, whales have purchased 5 of 11 collections in the last 24 hours, close to the base price of 109 ETH. The current price of the BAYC collection is 109.50 ETH. In addition, the total market capitalization is 996 million dollars and the number of addresses held is 6,419. Crypto whale Jeffrey Huang bought Bored Ape Yacht Club’s NFT #7858 at the highest price of 140 ETH, worth $423,433.41. Considering that ETH is traded, it is thought that there may be a positive price impact for ETH. By the way, as we have also reported on Kriptokoin.com, the Bored Ape Yacht Club collection will be featured in the three-part movie “The Degen Trilogy” prepared by Coinbase next year.
ApeCoin (APE) price will rise?
ApeCoin (APE) price has risen significantly over the past 7 days, reaching $13.46. News of BAYC and ApeCoin being featured in the Coinbase movie trilogy and rumors that APE will be listed on Robinhood pushed the price of APE up to 20 percent from April 12-14. Currently, the price is moving sideways in the $12-12.50 range. ApeCoin is an ERC-20 management and utility token used in the APE Ecosystem to power and promote the building of a decentralized community at the forefront of web3.
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