BAYC Surpasses $2 Billion in All-Time Sales

BAYC Surpasses $2 Billion in All-Time Sales
  • Bored Ape Yacht Club is one of the most recognized digital collectible brands.
  • The increase in sales can be attributed to the growing popularity of NFTs.
  • There were 669 unique purchasers, with 1,011 total transactions.

Bored Ape Yacht Club is one of the most popular names when it comes to digital collectibles. According to Research, Bored Ape Yacht Club had an all-time total sales volume of around $2.04 billion as of writing time. This is a significant increase from its $1 billion total sales in February.

The surge in sales can be attributed to the increasing popularity of NFTs, which has led to more people investing in digital collectibles. Bored Ape Yacht Club is one of the leading platforms when it comes to NFTs and its recent sales milestone is a positive sign for the future of the NFT space.

Bored Ape Yacht Club members are eligible to earn free airdropped ApeCoin (APE) as well as own plots of land in the Otherside metaverse. This has caused the sales volume of BAYC to surge.

In March 2022, the ApeCoin Foundation announced an airdrop of 150 million APE. Owners of Bored Ape NFTs are eligible for up to 10,094 APE.

There was a decline of 59% in the total number of unique buyers in February from 933 in January. However, there was an increase in transactions and sales volume seen in March. There were 669 unique buyers which resulted in 1,011 total transactions a 75% increase within 31 days. The sales volume reached $256.95 million; this is a 106% spike from $124.42 million worth of sales that occurred an inch earlier month.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

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