A wallet holding APE worth US$4 million began to continue buying BAYC from the market yesterday.

A APE BAYC the 2024-03-08 91
In a recent social media post, Arcade.xyz advisor Cirrus revealed some intriguing data indicating that a wallet with holdings of $4 million in APE has begun purchasing "Bored Ape Yacht Club" (BAYC) NFTs from the Blur platform. This strategic move is seen as a potential response to a proposal put forth by Huang Licheng, which aims to utilize $24 million worth of ApeCoin DAO treasury funds to acquire BAYC, MAYC, CryptoPunks, and other valuable digital collectibles. Cirrus' analysis sheds light on the evolving landscape of NFT investments and the potential impact of large-scale acquisitions on the market.
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