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Bored Monkeys Yacht Club craze continues with $2.8 million sale

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A Bored Ape Yacht Club NFT was sold for $2.8 million last night, with demand reaching new heights. The current minimum price for a Bored Ape is 116.9 Ethereum.

Bored Ape NFT sells for $2.8 million.

Bored Ape Yacht Club has recorded another multi-million dollar sale.

Bored Ape #232 sold for 1,080.69 Ethereum on the LooksRare marketplace last night. At the time of the sale, 1,080.69 Ethereum was worth just over $2.8 million. The high sale price can be attributed to the rarity of the NFT: Boring Ape No. 232 has a gold coating, making it one of the rarest NFTs in the collection.

While last night’s sale was Bored Ape’s largest transfer to date in Ethereum terms, it was not the highest price paid for one of the NFTs. In September, The Sandbox bought Bored Ape #3749 for 740 Ethereum worth $2.9 million at the time.

The sale comes at a time when demand for Bored Ape NFTs peaked. Over the weekend, the minimum price for the collection reached 100 Ethereum and has since risen to 116.9 Ethereum, or about $295,000 at the current price.

Last week, Canadian pop icon Justin Bieber became the latest celebrity to participate in the collection by paying 500 Ethereum for his own jumpsuit. He followed the likes of Steph Curry, Eminem, Paris Hilton and Jimmy Fallon into the exclusive club amid growing mainstream interest in NFT. Last week, Hilton and Fallon showed framed photos of their NFT Bored Ape on the Tonight Show, which may have contributed to the latest surge.

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Bored Ape Yacht Club launched in April 2021 as a collection of 10,000 Ethereum monkey NFTs. Anyone could mint a monkey for 0.08 Ethereum, or about $200 at the time. Since then, Bored Ape Yacht Club has spawned a thriving community of collectors, signed major deals with companies like Universal and Adidas, and has become the most recognizable brand in the NFT space.

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