Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Analysis » Bored Ape Yacht Club Hype Continues With $2.8M Sale

Bored Ape Yacht Club Hype Continues With $2.8M Sale

by
,

Bored Ape Yacht Club mania continues.

Bored Ape Yacht Club Hype Continues With $2.8M Sale
Photo: Bored Ape Yacht Club/Yuga Labs

Key Takeaways

  • A Bored Ape Yacht Club NFT has sold for 1,080.69 Ethereum on LooksRare.
  • The cheapest Bored Apes are now selling for 116.9 ETH, around $295,000.
  • Justin Bieber is the latest superstar to "ape into" the red hot NFT collection.

Share this article

A Bored Ape Yacht Club NFT sold for $2.8 million last night as demand for the collection reaches new highs. The current floor price for a Bored Ape is 116.9 Ethereum.

Bored Ape NFT Sells for $2.8 Million

Bored Ape Yacht Club has registered another multi-million dollar sale.

Bored Ape #232 (Source: Bored Ape Yacht Club/Yuga Labs)

Bored Ape #232 sold for 1,080.69 Ethereum on the LooksRare marketplace last night. At the time of the sale, 1,080.69 Ethereum was worth just over $2.8 million. The high sale price can be attributed to the token’s scarcity: Bored Ape #232 has golden fur, making it one of the rarest NFTs in the collection.

Though last night’s sale is the biggest Bored Ape transfer to date in Ethereum terms, it’s not the highest dollar price paid one of the NFTs. In September, The Sandbox bought Bored Ape #3749 for 740 Ethereum worth $2.9 million at the time.

The exchange comes as demand for Bored Ape Yacht Club NFTs hits a fever pitch. Over the weekend, the floor price for the collection hit 100 Ethereum and has since trended up to 116.9 Ethereum, around $295,000 at today’s prices.

Last week, Canadian pop icon Justin Bieber became the latest celebrity to buy into the collection when he dropped 500 Ethereum on his own ape. He followed the likes of Steph Curry, Eminem, Paris Hilton, and Jimmy Fallon to “ape into” the exclusive club amid rising mainstream interest in NFT technology. Last week, Hilton and Fallon flaunted framed pictures of their Bored Ape NFTs on The Tonight Show, possibly adding to the latest surge (the recent upward price momentum also comes amid rumors that Bored Ape creator Yuga Labs is looking to raise capital at a $5 billion valuation).

Bored Ape Yacht Club launched in April 2021 as a collection of 10,000 animated ape NFTs on Ethereum. Anyone could mint an ape for 0.08 Ethereum, around $200 at the time. Since then, Bored Ape Yacht Club has spawned a thriving community of collectors, signed major deals with the likes of Universal and Adidas, and become the most recognizable brand in the NFT space.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.