Arman Shirinyan
The world’s largest NFT collection gets a massive increase in volume as celebrities buy more pieces
One of the largest NFT collections on the market, Bored Apes Yacht Club, faced a surge in volume to around $1 million as volume surged over 175%, WuBlockchain reports.
In addition to the increased trading activity, the series’ floor price rose to almost 110 ETH, or around $330,000. The total market value of the collection is now close to $1 billion as the number of owners surpasses 6,400.
Despite recent security and exploit issues, the collection still attracts prominent investors and even some VCs. Previously, U.Today found that the project’s official community in Discord was being exploited and users were receiving phishing links asking them to transmit some sensitive data that allowed hackers to steal their non-fungible tokens.
During the exploit, scammers stole $100,000 worth of NFTs. Many users believed that managers of the project were making freebies related to April Fool’s Day, so some of them were baited and leaked information to hackers.
One of the most recent celebrities to join the NFT trend and chose BAYC to do so was pop legend Madonna. She reportedly bought a pink bored monkey with a leather cap as it matched the superstar’s provocative looks and performance.