Huang Licheng proposed to buy thousands of boring apes, but two days later he sold 19 BAYCs, which had fallen by nearly 80% from the high point.

Huang Licheng, the eldest brother of Maji, who had just planned to propose to ApeCoin DAO to acquire thousands of Boring Monkey NFTs to save the sluggish floor price, sold 19 Boring Monkey NFTs at once on June 24. Boring Monkey, which has been falling frequently recently, floor The price has plummeted -75.6% from the historical high.
Huang Licheng sells Boring Ape NFT
According to Etherscan data, in a single batch transaction executed on June 24, Huang Licheng sold 19 Boring Ape NFTs at one time on the NFT trading market Blur in exchange for 651.56 ETH, with an average price of 34.29 ETH.
Only then did he propose a proposal to save the market, then immediately sold the boring ape
Perhaps in order to obtain a higher points ranking on Blur, providing NFT liquidity on the platform and selling blue-chip NFTs are also part of the cost of earning points. For example, in February this year, Huang Licheng sold Blur on the platform due to defects in the points mechanism and other reasons. Hundreds of BAYC and MAYC.
(Blur Airdrop Farmer’s Dilemma: Thanos in the NFT world! How Brother Moji with infinite gems destroys the NFT market with just a snap of his fingers)
But what is embarrassing is that Huang Licheng just tweeted a few days ago that he will launch a proposal for ApeCoin DAO to save the Boring Ape NFT that continues to decline. The goal is to donate 1,000 BAYC, 2,000 MAYC and part of CryptoPunks to museums around the world.
(Please see the content of the proposal: Huang Licheng, the eldest brother of Maji, wants to be a hero and save the monkey city! The proposal is to acquire thousands of boring apes and give them to the museum)
You all cried for a hero. I’m here.@BoredApeG Draft this AIP. I propose @apecoin DAO acquires 1000 @BoredApeYC, 2000 Mutants, and some Punks to donate to museums worldwide.
What other nft collections should we add to this proposal?
— Machi Big Brother (@machibigbrother) June 21, 2023
Boring Ape has fallen by nearly 80%
The price of Boring Ape hit a historical high of 154.8 ETH on April 29, 2022, and now the floor price has fallen to 37.74 ETH, a drop of about -75.62%, back to the level of early November 2021.
Recent reports have also mentioned the sluggish price of Boring Ape. Under such circumstances, another blue-chip NFT competitor, AZUKI, announced the launch of a sub-project "Azuki Elementals".
This may make AZUKI holders more confident about the potential possibility of overtaking boring apes in the future.
(Azuki Rising: BAYC continues to decline, Azuki and BEANZ rise? Beeple: AZUKI RISING)
This article Huang Licheng proposed to buy thousands of boring apes, but sold 19 BAYC two days later, which has dropped nearly 80% from the high. It first appeared in Chain News ABMedia.