Eminem announced that he had purchased a Bored Ape Yacht Club’s (BAYC), nonfungible token (NFT), for $452K. Since then, BOYC and Mutant Ape Yacht Club’s (MAYC), NFT sales have soared. Metrics indicate that on Sunday, January 2, 2022, MAYC’s seven-day trade volume of $93.02 million is up 93.41% and BAYC’s weekly volume of $78.26 million is up 150.97%.
Weekly volumes of BAYC and MAYC jump 93% to 15% higher
Two NFT projects have experienced significant trade volumes in the past seven days, Mutant Ape Yacht Club (Bored Ape Yacht Club) and Mutant Ape Yacht Club (Mutant Ape Yacht Club). Bored Ape Yacht Club is an NFT project made up of 10,000 unique apes. Today, 667 addresses have at least one BAYC.
As of the writing date, there are approximately 105 NFTs for BAYC at one ethereum location. BAYC’s seven-day volume was $78.26 Million, with 434 traders. The volume of BAYC is increasing by 150.97%. However, traders are also growing at 101.86%. This is in addition to the 122.95% rise in BAYC revenues.
Currently, all-time metrics indicate BAYC’s overall market valuation is $2.73 billion. At the time of writing, a single BAYC’s floor price is around $273,420 in ether but the average price today is $287,740 per BAYC.
While BAYC has seen a major boost, the sister project Mutant Ape Yacht Club (MAYC) NFT collection commands this week’s top volume. Today’s MAYC volume is $93.02million, which is an increase of 93.41%. There’s been 2,234 MAYC traders this week and an individual MAYC’s floor price is $59,180 per NFT, but MAYC’s are selling for $54,270 on average.
Mutant Apes Capture $707 Million in Volume — Bored Ape Kennel Club, Bored Ape Chemistry Club, Prime Ape Planet NFT Sales Spike
MAYC is an NFT collection of 20,000 mutant apes and the only way to create one is by tethering a BAYC to mutant serum or during the public sale’s mint process. MAYC’s rewarded BAYC holders with a mutant version that can be traded on the open market. To date, there’s been approximately 7,623 mutations.
The project has sold 21,956 MAYCs, or $707,000,000 in total volume, and has seen 184.791 ether. Furthermore, at the time of writing, there’s 11,148 unique ethereum wallets that hold at least one MAYC.
During the last seven days, Bored Ape Yacht Club #3562 sold for 430 ether or $1.64 million five days ago. That was the most expensive BAYC sale this past week, while Eminem’s recent BAYC purchase was this week’s 30th most expensive BAYC sale.
MAYC #2209 was purchased for 26.69ether (102K) and MAYC#4627 for 26.26ether (just over 100K). In addition to BAYC and MAYC sales on the rise, Bored Ape Kennel Club, Bored Ape Chemistry Club, and Prime Ape Planet PAP all command today’s top NFT collection volume.
Do you agree with the rise in BAYC/MayC trading volume this week? Please comment below on your views.
Images CreditsShutterstock. Pixabay. Wiki commons. BAYC. MAYC. NFTs.
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