FreeLunchCapital, the pseudonymous founder of Floor Protocol, paid $1.43 million worth 588 ETH for a Non-Fungible Token (NFT). The NFT is linked to a gold Bored Ape Yacht Club (BAYC) that previously belonged to the vault of the bankrupt FTX.
In particular, the sale took place on October 11 for the BAYC #7940, which has a golden skin as its main feature. Another pseudonymous member of the Bored Ape Yacht Club, Xeer, said on
A BAYC NFT purchase revenge story against FTX and SBF
This purchase has caused quite a stir in the cryptocurrency market and the new owner of the BAYC #7940 explained his reasons. In a post on October 12, FLC_FlooringLab told a short story of revenge against the bankrupt FTX.
“I had 20 million worth of assets buried in FTX. SBF [Sam Bankman-fried] took some from me. Now I’m taking something that was his. Simple and honest.”
– FreeLunchCapital (@FLC_FlooringLab)
The post also linked an announcement from Erick, co-founder of The OTC Network, listing and offering a series of rare NFTs from the FTX vault.
Bored Ape Yacht Club in particular remains the leading NFT collection, as evidenced by the statistics we’ve collected DefiLlama show. On October 12, BAYC’s daily volume was 668.88 ETH; the gold #7940 unit represents 83.4% of the total.
In summary, FreeLunchCapital paid 588 ETH for an NFT linked to what enthusiasts consider one of the “most aesthetic” gold BAYC units of the collection. The amount is worth approximately $1.43 million, indicating a renewed interest in trading these rare tokens.
Additionally, FTX, which will have a clear path to paying back its customers, will inject billions of dollars of liquidity into the market, in addition to releasing a list of desirable NFTs previously locked in the bankrupt company’s vaults. All things considered, this recent event could be the missing spark for a long-awaited crypto bull market in 2024.
On that note, Ali Martinez believes an altcoin season is “imminent,” while Finbold reported other indicators that an alt season is beginning. Furthermore, Perplexity AI has gathered updated insights from the internet, predicting that the Bitcoin price will reach new highs this year.
