The bored ape bought for 117 ETH, the owner personally delivered it to the destruction address.
Not a scam—intentionally burned.
The comments section erupted on the spot: Is this an identity declaration, or just pure performance?
Let’s look at the numbers:
The entire BAYC series has 9998 apes; burning one only reduces the supply by 0.01%.
Bought for 117 ETH back then, and now the floor price is only 6.49 ETH—down 94%.
A small account with 680 followers posted it: 88k views, 73 quote tweets, 291 replies, plus 15 large accounts reposted.
In 30 days, the floor price dropped 13.9%; in a year, it fell 57.4%.
On OpenSea today there were 13 sales totaling about 86 ETH; over the past 30 days, 224 sales totaling about 1730 ETH—sure, it’s lively, but the buy pressure hasn’t really increased.
117 ETH is a historical anchor, not today’s valuation.
Treating the original purchase price as what it “should” be worth, and turning sunk costs into a market consensus.
I lean toward short-term choppy trading and weakness. One burn can’t change the 9998-ape supply; whatever should fall will still fall. But if this controversy keeps fermenting and brings in more accounts to burn monkeys and trade identity scarcity narratives, then it’s possible the floor price could truly be pushed up in the short term.
$APE #BAYC #NFT #Ethereum
Not a scam—intentionally burned.
The comments section erupted on the spot: Is this an identity declaration, or just pure performance?
Let’s look at the numbers:
The entire BAYC series has 9998 apes; burning one only reduces the supply by 0.01%.
Bought for 117 ETH back then, and now the floor price is only 6.49 ETH—down 94%.
A small account with 680 followers posted it: 88k views, 73 quote tweets, 291 replies, plus 15 large accounts reposted.
In 30 days, the floor price dropped 13.9%; in a year, it fell 57.4%.
On OpenSea today there were 13 sales totaling about 86 ETH; over the past 30 days, 224 sales totaling about 1730 ETH—sure, it’s lively, but the buy pressure hasn’t really increased.
117 ETH is a historical anchor, not today’s valuation.
Treating the original purchase price as what it “should” be worth, and turning sunk costs into a market consensus.
I lean toward short-term choppy trading and weakness. One burn can’t change the 9998-ape supply; whatever should fall will still fall. But if this controversy keeps fermenting and brings in more accounts to burn monkeys and trade identity scarcity narratives, then it’s possible the floor price could truly be pushed up in the short term.
$APE #BAYC #NFT #Ethereum