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    Home»News»BAYC 6388 NFT sells for a whopping 869.69 ETH
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    BAYC 6388 NFT sells for a whopping 869.69 ETH

    Abhishek YadavBy Abhishek YadavJuly 11, 2022Updated:July 11, 2022No Comments2 Mins Read
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    BAYC 6388 NFT sells for a whopping 869.69 ETH

    One of the most well-known NFTs on the market right now is BAYC (Bored Ape Yacht Club). It competed fiercely with Cryptopunks and briefly held the second-most popular NFT ranking. Now, though, it is the most prosperous NFT collection ever. A typical BAYC NFT sells for about $200,000. There are others, nevertheless, such as the BAYC 6388 NFT, which sold for an astounding 869.69 ETH (more than $1 million).

    The #6388 NFT has a golden-skinned monkey with a commie hat for a distinctive appearance. In addition, the monkey is sporting silver stud earrings and sunglasses. The background of this NFT is purple, and the monkey itself is donning a red t-shirt. The minimum predicted sell price for the BAYC 6388 NFT is 701.93 ETH, and the current floor price is around 100 ETH.

    Prior to this sale, the buyer had purchased BAYC 6388 for only 60 ETH, yielding a 14x return for him. The NFT was issued last year, and its first sale price was 6 Ethereum. Offers on the NFT are currently 3 percent below the floor price.

    Yuga Labs is the BAYC club’s creator or founder. They later created one of the most well-known NFT collections ever. It became so popular that in addition to the prices rocketing, BAYC began to physically materialize in several locations. The NFT project’s community has grown significantly, and being a member of them is now something to be proud of.

    Whether the price this NFT paid was reasonable is debatable. Because an NFT’s value is determined by the customer. It may be worth millions to one individual while being worth nothing to another.

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