A Bored Ape Yacht Club (BAYC) NFT that was the most valuable Trippy Bored Ape on record when it sold for 777 ETH in November 2022 has exchanged hands for 153 ETH.
Thanks to rare attributes, including trippy fur and a gold crown, BAYC #8585 holds the title of the most expensive ‘Trippy’ BAYC ever sold, valued at 777 ETH in October 2022. However, the latest trade represents a significant loss for the seller.
Trader Takes 624 ETH Loss on One of the Most Valuable BAYC NFTs
In Ethereum value, the latest sale represents an 80% markdown on the NFT’s previous price. Even taking into account gains in the crypto market since last year, the NFT is still worth just a quarter of its previous value in dollars.
The #8585 ‘Trippy’ bored Ape still holds the highest sale price in its fur category – and currently shares fifth spot with the most expensive Bored Ape sale according to OpenSea.
However, just eleven months after the previous buyer forked out over $1 million for the NFT, it was sold at a 75% loss.
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Author: James Morales
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