Bored Ape Defies Bear Market with $927,000 Sale

Share This Post

If you’re following the Crypto/NFT space, then the bear market and the FTX debacle might be a broken record. This being said, the Web3 space is showing signs of resilience. One such sign is the sale of a golden-furred ape that has defied the bear market selling for 800 ETH ($927,000).

Bored Ape Yacht Club NFT #232 was sold on the morning of November 23, 2022. The all-famous NFT – which historically ranks as the 3rd most expensive BAYC NFT, was sold by Deepak Thapliydal, CEO of the Web3 cloud software startup, Chain. It was purchased by the outspoken collector Keungz, who also seems to have added a golden Moonbird to his collection, for another hefty sum, no doubt.   

Deepak bought Bored Ape #232 in January 2022 for a staggering $2,807,394.87. Doing the sums, however, it appears the Crypto heavyweight just made a hefty loss of approximately $1,880,000 with this recent sale. It leads one to ponder the intrigue surrounding the transaction. 

Source NFT Plazas

spot_img

Related Posts

Fraggle Rock NFT Trading Cards Storm onto the Flow Blockchain

In a new partnership with Web3 company, ‘Tibles,’ the...

California DMV Drives NFT Car Titles onto the Blockchain

Though still novel, blockchain is being used more within...

Solana NFT Standard Lines Up a Major Overhaul

Some big changes are reportedly coming to Solana. As...

Love hits the Metaverse in The Sandbox Valentine’s Contest

The season of love is upon us and The...

NFTs Set to Shine as the Blockchain Economy Summit Heads to London

Over in the beating heart of the World’s financial...

Yuga Labs Clears the Murky Waters of its NFT Copyright

Yuga Labs is home to some of the most...
- Advertisement -spot_img