In today’s Nightly Mint, we’re checking in on a follow up from yesterday’s report on the new Bored Ape Yacht Club token, ApeCoin. We’re taking a quick look at a major entertainment and tech company that could be the next in line to integrate NFTs. Oh, and we found the ultimate finesse courtesy of an Ethereum flash-loan.
Sit back, relax, and enjoy a refreshing evening Mint.
The Nightly Mint
Latest Mint: A Follow Up On ApeCoin
Yesterday’s Mint covered ApeCoin, the first-ever official Bored Ape Yacht Club token. Shortly after yesterday’s report, the token quickly began trading on dApps like Uniswap.
As expected, many airdropped holders seemingly sold their free bag for some quick cash, and many buyers faced liquidity issues in early trading. According to CoinGecko at time of publishing, the ApeCoin token has already surged to a top 100 in market cap – an impressive feat in such short time.
Additionally, data from Nansen showcases that the floor price of BAYC and MAYC NFTs has dropped over the past 24 hours, with Bored Apes falling roughly 10% and Mutants falling roughly 20% throughout the first day of Ape token trading.
Related Reading | Three Months Into 2022 And Cardano TVL Is Already Up 25,000%
The above chart, while not all-encompassing of early hours trading, shows some of the short-term price movement of the APE token. | Source: APE-USD on TradingView.com
Is Spotify Up Next?
The rumor mill is buzzing today as Spotify is rumored to be evaluating NFTs; the music streaming powerhouse has new job listings that allude to crypto and NFT engagement. What’s the size and scope of potential utilization on Spotify? Of course, the ceiling is sky-high, by the company’s conduciveness to engage in the space is yet to be determined.
The ‘Minty Fresh’ Take
The hustle in crypto can get pretty giga-brained. This finesse move is one that you simply have to respect.
Someone just flashloaned 6 apes from NTFX, claimed the $APE, and sent them back in one transaction
https://t.co/9nYYFyI6JS
— Jorge
(@nftjorge) March 17, 2022
Related Reading | Ukraine Legalizes Crypto, How This New Law Could Increase Donations
Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.