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- ApeCoin is the indigenous token for Bored Ape Yacht Club created by Yuga Labs to utilize within the flourishing ecosystem.
- Recently, Tesla CEO, Elon Musk’s Twitter handle was spotted using a display picture containing many Bored Apes, and coincidently, ApeCoin has surged with this event.
- As of this writing, ApeCoin was trading at a market price of $15.82, up by 11.57% in the previous 24 hours.
Did Elon Musk Acquire BAYC NFT?
Yuga Lab’s Bored Ape Yacht Club is among the most popular NFT collections the sector has witnessed. Many big guns all across the globe have got their hands over the NFT channel, including Avenged Sevenfold lead vocalist Matt Shadows, Rap God Eminem and many more.
Recently, the Twitter handle of Elon Musk, CEO of Tesla, was spotted with a display picture containing many BAYC Bored Apes. It is not confirmed whether the SpaceX CEO has actually acquired the BAYC NFT or not.
Even if it’s not true, and even if Elon Musk had taken this step for fun, it has a huge impact on the BAYC’s native token ApeCoin.
ApeCoin To The Space
Instantly after the Tesla and SpaceX CEO changed his profile picture, ApeCoin started to surge prominently. BAYC native token was trading at a market value of $14, and suddenly took a leap of 27.2% to hang on to $17.64.
This massive surge was for a shorter timeframe as the branch from which the ApeCoin was hanging, broke, leading the BAYC native token to slip a bit. As this article was being written, ApeCoin was trading at a market value of $15.82, uptrending by 11.57% during previous 24 hours.
Whether Elon Musk got his hands on the BAYC NFT, or ApeCoin, it’s unclear at the time. But using Bored Apes as his DP on Twitter undoubtedly created a frenzy among the Ape environment.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
