Enters the APE Airdrop
As CryptoPotato reported, BAYC launched the APE coin on March 17th, and all holders of BAYC-related NFTs received various amounts of the token.
You can find everything there is to know about the token in our extensive guide.
Holding one Bored Ape NFT alone would net you 10094 tokens, but holding this number increases if you also held MAYC and BAKC NFTs. For instance, a mutant ape and a kennel club NFT would give you 2898 tokens. In any case, let’s assume that each BAYC NFT holder received 10100 APE for simplification purposes.
This is currently worth about $110,000, although the token was trading above these prices for a couple of days, so it’s once again a conservative estimation. However, it’s also possible for people to have sold for less because it did drop to a low of around $6. So, let’s draw the line somewhat in the middle and assume that the rough average was $100K.
This would put the total return of minting and holding a single Bored Ape at $477,000, easily making this one of the best investments in crypto.
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Tags: Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT)
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