The floor price of "Boring Ape" NFT has dropped to 85.49ETH, and holders can cash out ApeCoin perfectly

On March 17, the decentralized organization ApeCoin DAO officially launched ApeCoin, and 15% of the total supply will be airdropped to BAYC/MAYC NFT holders. According to the data on the chain, as of 10:00 on March 18, Beijing time, the ApeCoin chain has destroyed more than 160 ETH, and the number of airdrops has exceeded 100 million. Among them, the wallet address marked as "Alameda" has been frequently using WETH to exchange ApeCoin since ApeCoin was released yesterday.

DAO



The floor price of Bored Ape Yacht Club touched a maximum of 108.69ETH

It is reported that the total supply of ApeCoin is 1 billion tokens, of which 62% will be allocated to the ApeCoin community, and the airdrop, which accounts for 15% of the total supply, will be collected at 8:30 EST (20:30 Beijing time) on March 17th. .

Airdrops will be offered to BAYC/MAYC NFT holders (Bored Apes and Mutant Apes, and BAKC dogs paired with BAYC or MAYC). Those who hold only 1 Bored Ape NFT can receive 10094 APEs; those who hold only Mutant Ape can receive 2042; those who hold both Bored Ape and Kennel Club can receive 10950; those who hold both Mutant Ape and Kennel Club can receive 2898 pieces.

DAO

As soon as the news came out, according to Element market data, the floor price of Bored Ape Yacht Club hit a maximum of 108.69 ETH yesterday, and the floor price increased by 20+%. At 20:30 on March 17th, the APE airdrop can be claimed. At the same time, exchanges such as Matcha, OKX, and Gate will open APE spot trading. According to the CMC market, the opening price of APE is 1 USD, and the highest price is 28 USD, which is currently stable. Around $15.

DAO data source: https://coinmarketcap.com/currencies/apecoin-ape/



"Fast in, fast out" can also easily earn $90,000

Will Sheehan, founder of Parsec Finance, said on social media that some arbitrageurs used the Bored Ape NFTX vault to obtain 60,564 ApeCoin airdrops. The specific operation method is to first purchase the vault Token, then redeem the full pool, then claim the APE airdrop, and finally resupply the pool.

If you hold 1 BAYC, you can receive 10,000 APE, then the token airdrop is worth $150,000. As of now, the floor price of Bored Ape Yacht Club has dropped to 85.49ETH. According to the limit calculation, the difference between 108.69ETH and 85.49ETH is about US$60,000, which is less than the value of the APE token airdrop of US$150,000. In other words, if a user buys Bored Ape in the Element market before the airdrop, they can cash out $150,000 just by claiming the airdrop tokens, minus the cost of the $60,000 floor price difference, and earn a net profit of $90,000. According to Element market data, the average transaction price of BoredApeYachtClub NFT in the last 24 hours was 105.541 ETH, and the transaction volume was 16,358 ETH, ranking first. Among them, there are many transaction records of receiving high-value tokens through the "fast in and fast out" method.