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).
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.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.