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Benzinga

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Samyuktha Sriram

ApeCoin Aftermath: Bored Ape Yacht Club Trading Volume Spikes 481% To 17,000 ETH

ApeCoin Bored Ape Yacht Club COIN BAYC

Trading volumes and floor prices for the Bored Ape Yacht Club (BAYC) NFT collection surged on Thursday, following the announcement of ApeCoin (CRYPTO: APE) – a utility token that will play a big role in the ecosystem.

What Happened: According to data from decentralized marketplace OpenSea, transaction volume for BAYC non fungible tokens (NFTs) surged 481% over 24 hours to 17,800 Ethereum (CRYPTO: ETH). Floor prices for BAYC NFTs also exceeded 106.9 ETH, which amounted to $288,600 at press time.

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