Someone just paid $1.4 million for a golden BAYC NFT – Here’s why
FreeLunchCapital, the pseudonymous founding father of Flooring Protocol, paid $1.43 million value of 588 ETH for a Non-Fungible Token (NFT). The NFT is linked to a golden Bored Ape Yacht Membership (BAYC) beforehand belonging to the bankrupt FTX’s vault.
Specifically, the sale occurred on October 11 for the BAYC #7940, which has golden pores and skin as its main trait. One other pseudonymous member of the Bored Ape Yacht Membership, Xeer, stated on X it “Is likely to be the cleanest, most aesthetic gold ape in your entire assortment.”
A BAYC NFT buy revenge story in opposition to FTX and SBF
This buy has made waves within the cryptocurrency market, and the brand new proprietor of the BAYC #7940 defined his causes. In a put up on October 12, FLC_FlooringLab instructed a short revenge story in opposition to the bankrupt FTX.
“I had 20M value of belongings buried in FTX. SBF [Sam Bankman-fried] took some from me. Now, I’m taking one thing that was his. Easy and honest.”
– FreeLunchCapital (@FLC_FlooringLab)
The put up additionally linked an announcement from Erick, co-founder of The OTC Community, itemizing and providing a sequence of uncommon NFTs from the FTX vault.
Notably, the Bored Ape Yacht Membership stays the main NFT assortment, because the metrics we gathered at DefiLlama present. On October 12, BAYC’s every day quantity was 668.88 ETH; the golden #7940 unit represents 83.4% of the overall.
In abstract, FreeLunchCapital paid 588 ETH for an NFT hooked up to what fans deem one of many assortment’s “most aesthetic” golden BAYC models of the gathering. The sum is value round $1.43 million, suggesting a renewed curiosity in buying and selling these uncommon tokens.
Furthermore, FTX receiving a transparent path to repay its prospects will inject billions of {dollars} of liquidity into the market, apart from releasing an inventory of desired NFTs beforehand locked within the bankrupt firm’s vaults. All issues aligned, this latest occasion might be the lacking spark for a so-awaited crypto bull market in 2024.
On that observe, Ali Martinez believes an altcoin season is “simply across the nook,” whereas Finbold reported different indicators suggesting an altseason is beginning. Moreover, Perplexity AI collected up to date insights from the online, forecasting Bitcoin worth will make new highs this 12 months.
