NFT News

Bored Ape Yacht Club NFT’s Floor Price Hits Record High, Here’s Why

The floor price of the Bored Ape Yacht Club (NFT) hit a record high on Monday after its creator said its upcoming metaverse will launch soon.
Published by
Bored Ape Yacht Club NFT’s Floor Price Hits Record High, Here’s Why

The floor price of the Bored Ape Yacht Club (NFT) hit a record high on Monday after its creator, Yuga Labs, said its upcoming metaverse will launch soon.

According to data from NFT price floor, the lowest possible price one can buy a BAYC token at hit a new high of 137.8  Ethereum (ETH), or $385,700. The surge was underpinned by a nearly 60% jump in BAYC trading volumes, while sales rose 50% in the past 24 hours.

Interest in the collection, along with its native token ApeCoin (APE) skyrocketed over the past week in anticipation of an update to Yuga Labs’ planned metaverse, Otherside.

Advertisement

Bore Ape metaverse to release this month

In a tweet, Yuga Labs said the metaverse will launch on April 30. The firm has released few details about the project, beyond a teaser trailer. The metaverse is expected to support NFTs from several popular collections beyond BAYC, including spinoff Mutant Apes, CryptoPunks, Meebits and World Of Women.

Given that Yuga Labs said NFTs will play a pivotal role in its upcoming metaverse, all the included NFT collections saw a surge in trading activity over the past week. But even among the lot, Bored Ape is the largest NFT collection by total market value, at 1.3 million ETH ($3.7 billion).

Rumors and leaks regarding the launch have suggested the project will open sales of digital land soon, and will be priced in APE.

Source: NFT Price Floor
Advertisement

ApeCoin breaks into top-30 cryptocurrencies

Growing hype over the upcoming Otherside launch saw APE sharply outperform the crypto market over the past week. The token rose 50% in the past seven days to $17.24, and is now the 29th-largest cryptocurrency by market capital, at $4.9 billion.

The token also hit a series of record highs, as investors positioned for a possible land sale. Launched in March, APE is the native token of the Bored Ape NFT collection.

But the token has also drawn some criticism over its planned governance proposals, as well as the distribution of holders. Recent data shows that over 50% of APE’s total supply is held by whales, including several Yuga founders.

Advertisement

Share
Ambar Warrick

With more than five years of experience covering global financial markets, Ambar intends to leverage this knowledge towards the rapidly expanding world of crypto and DeFi. His interest lies chiefly in finding how geopolitical developments can impact crypto markets, and what that could mean for your bitcoin holdings. When he isn't trawling through the web for the latest breaking news, you can find him playing videogames or watching Seinfeld reruns. You can reach him at ambar@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025
  • 24/7 Cryptocurrency News

FLOKI Makes History With First ETP in Europe as Price Surges 30%

FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe.…

October 4, 2025
  • 24/7 Cryptocurrency News

BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert

Binance Coin (BNB), the native cryptocurrency of BNB Chain, has surged another 8% today, moving…

October 4, 2025
  • 24/7 Cryptocurrency News

Trump’s Real Estate Moves On-Chain as Hut8 Adds WLFI Tokens to Boost Treasury

Trump’s real estate portfolio is set to go on-chain amid World Liberty Financial’s announcement of…

October 4, 2025
  • 24/7 Cryptocurrency News

ASTER Token Defies Crypto Market Consolidation With 14% Upside, Expert See Next Stop at $3

Despite the broader crypto market consolidation, ASTER token is outperforming with 14% gains in the…

October 4, 2025
  • 24/7 Cryptocurrency News

MetaMask Gears Up for Major MASK Token Airdrop With Reward Points System Launch

MetaMask, Consensys’ Web3 wallet, is set to introduce a reward points system for on-chain activities.…

October 4, 2025