The Bored Ape Yacht Club has made a resounding comeback from a temporary dip in the NFT market following a recent spate of high-value purchases from the sought-after ‘Trippy Fur’ trait collection.
The ‘Trippy Fur’ trait – which features an ape sporting a psychedelic fur pattern – has become one of the most valuable in the entire Bored Ape Yacht Club (BAYC) collection due to its dazzling aesthetics and the rare and scarce nature of the trait.
The astonishing – and somewhat memetic – 696.969 ETH ($2.8m) sale of Bored Ape #8585 kickstarted the flurry of collector interest in ‘Trippy Fur’ apes on October 20th.
Bored Ape #8585 was purchased for 696.969 ETH
— boredapebot (@boredapebot) October 19, 2021
Following the sale of BAYC #8585, five further high-profile purchases have been made from the ‘Trippy’ collection in the past five days for a collective 851.488 ETH ($3.5m).
The highest ever sale for a BAYC NFT so far stands at 769 ETH ($3.18m), which interestingly was a ‘Trippy Fur’ ape with only four traits – Bored Ape #2087.
For collectors, another highly desirable aspect of an NFT is a low trait count. A vast majority of the rarest BAYC NFTs available have four traits, which explains the incredible price tag warranted for the record-breaking ape.
The spike of interest in ‘Trippy’ apes has also spurred on a flurry of volume into the entire collection.