Foresight News, according to Bloomberg, former Barclays bond traders Ovie Faruq and Mike Anderson sold 72 BAYC NFTs this week at unit prices of 78.08 ETH to 78.18 ETH (a total of approximately US$9.25 million). Their initial investment was 114 Around 10,000 US dollars, a profit of at least 700%.

Ovie Faruq said he and Mike Anderson remain seed investors in BAYC developer Yuga Labs and own other Yuga Labs assets such as ApeCoin. Ovie Faruq and Mike Anderson left Barclays in December 2021 and will continue to develop NFT research platform Degenz.