Two wallets with approximately $4 million in APE continue to buy BAYC

APE BAYC BUY IN 2024-03-07 90

On March 7th, Cirrus, a prominent advisor for Arcade.xyz, made a significant announcement on X platform regarding a substantial investment involving two wallet addresses that deposited approximately $4 million worth of APE. These funds were used to purchase Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) throughout the entire day in the market.

The current situation surrounding BAYC is of great interest, as Blur data indicates that the floor price for BAYC is currently at 17.589 ETH, experiencing a noteworthy 22.75% drop on the 7th. This development raises intriguing questions about the dynamics of the NFT market and the potential impact on the value and demand for BAYC tokens.

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