Elon Musk Reportedly Bought Bored Ape NFT Near 600 ETH

According to the NFT collector who goes by Derek.eth on Twitter, the top-tier Bored Ape NFT piece, under the number 1,837, has been sold to an anonymous buyer who decided to spend almost 600 ETH on it.

Previously, Deepak (Derek) was selling the piece for 690.420 ETH, referring to widely known “meme numbers” that are often used by Musk in his tweets. But later on, he lowered the price for the piece to 569, most likely to sell it quicker.

Twitter
Twitter

The BAYC#1837 has been sold to the moonpay-eth buyer, which could have been used by Musk to purchase the piece indirectly. The theory was also shared by blockchain insider Colin Wu in his Twitter account.

BAYC#1837 was later discounted to 569 ETH and sold to Moonpay-ETH, which many people assumed to be Elon Musk.

Well-known crypto trader Colin Wu has tweeted that he believes Elon Musk bought it via Moonpay-ETH, but there has been no confirmation from Elon Musk whether he actually bought it.

The only thing that speaks against the theory is Musk’s relationships with Twitter NFT profile pics and the NFT industry in general. The CEO of Tesla and SpaceX has previously called out the Twitter management team on the abundance of bots and scammers under every Twitter post related to NFTs and cryptocurrencies.

What is Bored Ape Yacht Club

The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.

NFTs ignore crypto market bloodbath

Despite the strong correction on the crypto market, the NFT industry does not seem to suffer that much from the massive outflows from the market. The floor price of numerous top-tier collections remained at the same level as months ago.

The most recent disruptive event for the industry was the NFT heist on the OpenSea platform, where a hacker was able steal approximately $3 million worth of NFTs, including Bored Ape Yacht Club pieces, and sell them on the OpenSea’s competitor platform LooksRare.

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