Daily News - March 18, 2022
TLDR:
$APE token, the governance token of BAYC, launched today! Due to the lack of liquidity, the price of the token fluctuated from $4.63 to $1171.65 on Uniswap V3. The BAYC collection dropped 21.5 ETH, however, the airdrop provided holders with ~ 43 ETH (net gain of ~21.5 ETH).
Treasure:
ToadStoolz releases their whitepaper! The project will feature an in-game token ($BUGZ) that can be earned through questing. Of particular interest, the whitepaper mentions that CroakShire, the virtual world Toadstools inhabit, will be powered by Treasure NFTs and $MAGIC. (Source)
BattleFly announces v2 Founder NFTs! These NFT will be extremely limited and available at 2 ETH. (Source)
OpenSea Trading Volume:
Ethereum continues to hold yesterday’s gains - currently at $2,784.52 (+0.6%). OpenSea trading volume, on the other hand, surges in trading volume on the back of the $APE token release. Today’s volume amounted to $132M, roughly 66.2% higher than yesterday!
News:
$APE, the governance token for the Bored Ape Yacht Club ecosystem, began trading today. The token experience severe volatility, as Yuga Labs had avoided providing liquidity for $APE on decentralized exchanges. This has caused some members of the community to claim the launch was a rug pull, while others, considered Yuga Lab’s hesitant as means of avoiding regulatory penalties. (Source)
Bored Ape Yacht Club retraces roughly 20% (107 ETH → 85.5 ETH) following the launch of the $APE token. At current prices, the airdrop for BAYC holders would have provided 43.73 ETH ($121,654.5). (Source)
Spotify, the world’s largest music streaming platform with over 406M monthly active users, is planning to integrate NFTs into its platform. Despite an official statement from Spotify, insiders have reported a hiring spree of Web3 employees to spreadhead this integration effort. (Source)
Larva Labs, now owned by Yuga Labs, transfers 423 CryptoPunks from their wallet to a multi-sig wallet managed by 5 newly created wallets. For those curious, I’ve attached the wallets below! (Source)
1) 0x6CD066Bf09A1c47305Abc5a2baA55A158aF58a99
2) 0x752701bd9DD066e0B4aA9c1F18fd8BD4601a1e02
3) 0xD5Fd64c766032945Ec30DebAe88C64A6266c8624
4) 0xa1041742B9AE2B823a97385cc6abC940C9278fA4
5) 0xf0efeaF6Ad8C1E54727aB3a266a666aD243Ad122
Notable Sales:
Essence of Starlight (EOS), a consumable on the TreasureDAO marketplace, is swept by an anonymous wallet. The user purchased 4628 EOS for a total of 1,689.22 $MAGIC ($4,375.08). (Source)