Coin Week

  • bitcoinBitcoin$27,189.00-1.89%
  • ethereumEthereum$1,871.19-1.55%
  • binancecoinBNB$306.42-1.71%
  • rippleXRP$0.52-0.53%
  • dogecoinDogecoin$0.071668-1.14%
  • solanaSolana$20.78-2.04%

Bored Ape NFT sells for almost a million, the first in months

Bored Ape NFT: NFTs were the hottest thing online just over a year ago, but the NFT space and market have grown cold.

The recent FTX collapse and a crypto contagion spreading to other companies have also made the icy crypto bear market grow colder.

However, some “blue chip” Ethereum NFTs still command high prices.

For example, a Bored Ape NFT was recently sold for almost $1 million.


Bored Ape Yacht Club NFT #232 sold for 800 ETH on the secondary market.

When converted to dollars, it costs about $927,000.

Deepak Thapliyal, the CEO of Web3 cloud software startup Chain, sold the tokenized profile picture.

Pseudonymous collector Keung purchased the NFT and tweeted, “Thanks [Thapliyal] for the good deal.”

Read also: Yuga Labs’ founders stand with creators for marketplace creator royalties

Bored Ape NFTs

In recent months, Bored Ape NFTs have lost considerable value.

One of the most significant losses includes an NFT Justin Bieber purchased earlier for $1.3 million worth of ETH.

However, it is now valued at around $69,000.

The gold-furred Ape is one of the rarest NFTs in the collection, ranking 324th out of 10,000 NFTs, according to Rarity Tools.

Less than 0.5% of the Bored Ape NFTs have gold fur.

The sale

Thapliyal is a renowned NFT collector who set the record for a CryptoPunks purchase earlier this year.

He paid 8,000 ETH ($23.7 million worth at the time) for a single NFT.

However, Thapliyal recently tweeted that he would sell his rare NFTs following FTX’s downfall, which impacted Chain.

He clarified that he would keep the record-setting Punk.

Since then, Thapliyal’s tweets have been deleted.

Read also: The Bored Ape Community receives its first council to mixed reception

The market

The last time a Bored Ape NFT topped the $1 million mark was October 1.

At the time, Bored Ape #8585 sold for 777 ETH, equal to $1.02 million.

ETH was 13% more valuable then.

In 2021, the NFT market swelled to a trading volume of $25 billion, continuing its momentum in early 2022.

However, along with the crypto market, it declined in May.

Despite the decline, the NFT market isn’t dead.

DappRadar and Dune suggest over $700 million worth of secondary market NFT sales in October compared to $5.36 billion in January.

Bored Ape prices have also dropped.

The cheapest-available NFT from the collection listed on the marketplace hit a peak of $429,000 (152 ETH) in late April.

The floor currently sits at 60 ETH, which is worth $69,000.

However, the recent sale shows that Bored Ape NFTs can still command eye-popping prices even as the market declines.


NFTs are dead? Even in bear market, a Bored Ape sells for nearly $1 million

Dogecoin value shoots up after Elon Musk buys Twitter

Dogecoin is thriving better than ever after Elon Musk took over Twitter, breaking the coin from the crypto winter.

As of this writing, the meme coin is selling for $0.12.

Dogecoin rally

The meme coin enjoyed an extended rally when the world’s richest man finally bought the popular social media platform.

Earlier this week, the cryptocurrency briefly doubled in value to 14 cents.

Elon Musk’s influence on the cryptocurrency has been going on for years, but the coin eclipsed prices last seen in May.

While Musk hasn’t mentioned Dogecoin since the Twitter purchase, he has responded to Billy Markus on Twitter – one of the developers behind the meme coin.

In the past week, the meme coin’s value has grown exponentially.

The meme coin went from $8.1 billion to $16,630,929,389 (as of this writing).

Dogecoin surpassed coins like Cardano and Solana to become the eighth-largest cryptocurrency by market capitalization.

Read also: Elon Musk’s decision to push with buying Twitter shoots up Dogecoin prices

Crypto exchanges

The cryptocurrency has witnessed notable volume on major cryptocurrency exchanges in the past few days.

On Coinbase, it is currently the third most traded token, accounting for 14% of the exchange’s total trading volume.

Meanwhile, trades between stablecoin Tether and the meme coin generated $1.8 billion in the past 24 hours on Binance.

It accounts for 10% of the exchange’s total trading volume.

Meanwhile, exchanges between Dogecoin and Binance USD crossed over $900 million, representing 5% of the exchange’s total trading volume.

Coin movement

Despite the rally, Dogecoin is still down 84% from its all-time high of 73 cents on May 2021.

That day, Elon Musk hosted Saturday Night Live.

During his appearance, the coin took a 35% dive when he called it the future of currency and referred to it as a hustle.

Read also: Elon Musk Remains Firmly in Support of Dogecoin Despite Lawsuit

Musk and Dogecoin

The rising popularity of the meme coin can be attributed to Musk’s multi-year relationship with the meme coin.

In the past, he made references to the coin in several tweets.

Musk would later add Dogecoin as a method of payment for some products and services his companies offer.

Some Tesla merchandise is available for purchase with Dogecoin on the company’s website.

Additionally, The Boring Company takes the cryptocurrency as a form of payment for its Las Vegas Loop.

In April, Elon Musk indicated plans to let Twitter users pay for Twitter Blue, the platform’s premium subscription service, with the meme coin.

The Tesla founder’s fondness for the meme coin goes as far back as 2019 when he tweeted:

“Dogecoin may be my fav [sic] cryptocurrency.”

From there, he would share memes about the coin.

However, not everyone believes Musk acted in good faith when supporting the coin.

In June, a $258 billion lawsuit hit Musk, SpaceX, and Tesla.

The lawsuit alleged that Elon Musk was pumping the coin.

Besides Dogecoin, Musk’s acquisition also influenced dog-themed coins like Shiba Inu and Dogechain, which are up 19% and 100% this week.


Dogecoin leaps 94% in weekly gains following Elon Musk’s Twitter acquisition