Bored Ape Yacht Club Floor Price Slides to Five-Month Low as Prominent Investor Dumps Holdings

The floor price of the Bored Ape Yacht Club (BAYC) collection has slumped to a five-month low of 55.59 ether (ETH), according to Cryptowatch veri.

The slide in NFT prices occurred after pseudonymous holder “franklinisbored” said on Twitter that he sold the majority of his collection. On-chain veri shows that the user sold at least 27 BAYC NFTs over a 12-hour period, securing 1439.5828 ETH ($2.8 million) in the process.

Franklinisbored explained his decision was due to “unfortunate” real-life issues which prompted him to liquidate his NFTs.

“Due to an unfortunate IRL issue, I have had to sell off a lot of BAYC apes to hisse off BendDAO loans while the liquidity was available. I won’t get involved in NFT trading/twitter for a while, and will just focus on my private life for the time being with my remaining apes,” they wrote.

According to veri from Etherscan, numerous transactions were made from franklinisbored’s wallet to BendDAO, suggesting that his explanation is legitimate.

Recommended for you:

  • Why NFTs Are So Appealing – And How Anyone Can Start Learning for Free
  • Usuario de Uniswap pierde $8M en ether por ataque de phishing
  • El Salvador Grants First Digital Asset License to Bitfinex
  • Join the Most Important Conversation in Crypto and Web3 in Austin, Texas April 26-28

ApeCoin (APE), the native governance token for the Bored Ape Yacht Club ecosystem, remains flat over the past 24-hours in terms of its dollar valuation despite falling against ether trading pairs, according to CoinDesk veri.

Interested  Coinbase Shares Rise as Q1 Revenue Grows 23% From Q4 to $773M
Edited by Aoyon Ashraf.

Comments are closed.