Elon Musk, the billionaire Tesla CEO who is in the process of buying Twitter, seemed to change his Twitter profile picture to a composite image of numerous Bored Ape Yacht Club non-fungible tokens (NFTs). Musk’s Twitter avatar displayed a picture of several Bored Apes, with Ape 5809 in the center, as of Wednesday morning. It appeared that the image was taken from a stock photo.
Following the news, the price of ApeCoin, the cryptocurrency created by Bored Ape developer Yuga Labs, spiked. According to Coinbase data, APE has risen 16 percent to $16.96 in the last hour.
The primary image depicts a rare Ape with solid golden fur. Musk purchased BAYC #1837 through MoonPay in February 2022, according to Deepak Thapliyal, the CEO of blockchain business Chain. The uncommon Bored Ape has golden fur, similar to Elon’s most prominent NFT in his most recent Twitter Avi.
BAYC #1837 was purchased for a whopping 569 ETH at the time. At current market pricing, the hefty price tag is projected to be $1.6 million. The Bored Ape in question is presently owned by MoonPayHQ, according to data from prominent marketplace OpenSea.
Although neither party has issued an official statement, the allegations were fueled further when a photo of the Telsa CEO with a MoonPay team member circulated. Days before the record BAYC sale, Musk allegedly met with company representatives.
If Elon Musk confirms the report, he will join an ever-growing list of BAYC holders who have purchased their NFTs using MoonPay. MoonPay’s services have also been used by several celebrities, including Jimmy Fallon and Post Malone, for similar NFT and cryptocurrency-related transactions.
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