October 2, 2022

The owners of the Bored Ape Yacht Club appear to have turned themselves in following a hectic week of celebrity-studded live events, which culminated in a lawsuit against a loud critic.

After releasing videos with Eminem and Snoop Dogg that have a monkey theme, ApeCoin is now exhibiting encouraging signs. This brand-new Ethereum token, which is based on the Bored Ape Yacht Club NFT project, saw a price surge of 21.21 percent in just seven days.

ApeCoin reached an all-time high of nearly $27 at the end of April in anticipation of virtual land NFT sales for BAYC’s metaverse game. Otherside, ApeCoin can be used by owners to vote on ApeCoin DAO governance proposals.

ApeCoin’s recent price increase could be attributed in part to the Friday release of a new music video by Eminem and Snoop Dogg, which featured rappers and famous BAYC ambassadors transforming into animated versions of ApeCoin, their Bored Ape avatar. The music video that went viral on YouTube over the weekend has received over 7.5 million views.

Summited by HotQA