Hong Kong director Stephen Fung announced on Twitter late yesterday (22) night that he had bought a new BAYC NFT and replaced it with his Twitter avatar.
According to NFTGO, a wallet address beginning with 0x57aB29 bought BAYC #6501 on Friday morning (19) for 70.49ETH(then about $127,000).
‘My new ape,’ Mr. Fung tweeted.
White fur, green background, two of my favorite colors.
He may not have the rarest of attributes, but that’s okay, because the boring ape seems original and creative to me.
In addition to BAYC, the address also holds six pieces of virtual land from Otherside, a metaverse project created by Boring Ape parent company Yuga Labs, and two pieces of Genuine Undead.
Mr. Fung’s purchase of Boring Ape comes as the project’s floor prices hit an 8-month low.
According to NFT.GO, the floor price of the monkey is now at 66.9ETH(about $108,000), the lowest since January 3, and has halved 56% from its all-time high of 153.7ETH(about $248,000) in early May.
The BAYC floor price hit its lowest level since the beginning of the year, and the trading volume has also fallen off a cliff since the cryptocurrency bear market began in early May, with trading volume around $1.407 million (-48%) in the last 24 hours.
In addition to the impact of the global macro economy and the crypto winter, the recent risk of a large number of blue chip NFTS on the NFT mortgage lending platform BendDAO falling into continuous liquidation has also attracted market attention.