- Mutant Ape Yacht Club NFT prices are rising, with a nearly 500% increase in trading volume over the last week.
- The collection was launched in August, with existing Bored Ape NFT owners able to use serum to mint one Mutant Ape for free.
Secondary market trading volume for the Mutant Ape Yacht Club has topped $70.9 million over the last seven days, according to data from NFT analytics site CryptoSlam, making it the most popular tracked project in that span. That’s a nearly 500% increase from the previous seven-day period.
Over that span, the average sale price of a Mutant Ape NFT has jumped from about 8 ETH (over $32,000) on December 21 to over 12.3 ETH (about $50,250) yesterday. Over the last seven days, the price floor—or cost of the cheapest-available NFT—for the project has increased by nearly 40% to 9.9 ETH as of this writing.
The Mutant Ape Yacht Club is an Ethereum NFT project that spans up to 20,000 total avatar images. An NFT acts like a deed of ownership for a digital item, proving the uniqueness and scarcity of things like digital artwork, profile pictures, video clips, and more.
Yuga Labs sold 10,000 Mutant Ape Yacht Club NFTs in August, generating $96 million worth of ETH in just one hour. At the same time, the…