The American celebrity Kim Kardashian has been forced to pay a $1.26 million fine by the Securities and Exchange Commission (SEC). The fine pertains to her undisclosed promotion of EthereumMax (EMAX) over Instagram. She failed to reveal that she was paid $250,000 to promote the token. Kim Kardashian Promoting Crypto? Per a statement from the SEC on Monday, Kardashian’s problematic post contained a link to the Ethereum Max website, and instructions for purchasing EMAX tokens. The Instagram story said Kardashian’s…
Over the past day, the leading NFT collection, Bored Ape Yacht Club has seen its gross sales volume rise considerably. The project has also experienced a corresponding increase in the number of traders despite the ongoing crypto/NFT winter.
Bored Ape #5383 Sells for $1.45 Million
According to reports from data analysis platform DappRadar, BAYC sales have jumped 100% since yesterday. The NFT project witnessed 16 transactions as the overall number of traders grew by 125%, making for a total of 27. One particular NFT purchase stood out as the largest amidst the skyrocketing sales volume.
Community member, Vis. Eth acquired Bored Ape #5383 for 777 Ethereum tokens, roughly $1.45 million at writing. The ape in question ranks high in terms of uniqueness. Rarity data places it as the 320th most distinctive BAYC token, falling within the top 10%.
Bored Ape #5383 is a Golden Fur Bored Ape non-fungible token as well as a six-trait ape. Its features include angry eyes, a lumberjack shirt, an army hat, and a bored, unshaven mouth. The token has an orange background and of course, solid gold hair.
Not Vis.Eth’s First Big Buy
In an interview with BAYC news outlet, Bored Ape Gazette, Vis. Eth spoke about the purchase. The buyer and collector noted that he wanted a golden ape, and was satisfied with how much he had paid.
I wanted to collect a golden monkey. 777 eth is a suitable price. Yuga [Labs, the creator of BAYC] will be the first successful social [meta]verse.”
Notably, Bored Ape #5383 is a long way from being the most expensive ape ever sold. Another token claimed that title during an auction at Sotheby’s in October last year. Bored Ape #8817 went for $3.4 million, nearly $2M above the #5383’s value. But in a year wanting of major NFT movements, the recent purchase is well significant.
After Vis. Eth’s purchase, BAYC saw its floor price drop to values last seen in March, 69.69 Eth, about $130K. It is worthy of note that this isn’t the collector’s first major purchase. Vis. Eth has in the past spent about 4500 ETH (roughly 9 million dollars) on Yuga Labs’ Otherdeeds project.