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Bored Ape Yacht Club's Otherside Rumor Compilation | Purchase ApeCoin to acquire various blue-chip NFTs and join the whitelist

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Bored Ape Yacht Club

According to a teaser released on Twitter by Yuga Labs in March, their metaverse land "Otherside" is set to launch this month. As the launch approaches, rumors of the land sale have been circulating on social media, causing a surge in various NFT projects and the APE token in a short period of time.

This content is not official news, please do not FOMO excessively.

Rumors of Land to Be Purchased with ApeCoin

According to a tweet by renegademaster, host of the NFT talk show The DYOR Show, land sales by Yuga Labs will be conducted through a Dutch auction, with the starting bid for land set at 600 APE, approximately $9,500.

Holders of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) will receive a total of 30,000 free tokens, while holders of CryptoPunks, Meebits, Cool Cats, Nouns, World of Women, and CryptoToadz will qualify for whitelist status.

Similar news has been circulating on social media in recent days, causing APE's price to surge over 35% this week.

Furthermore, by observing the OpenSea 24-hour trading volume rankings, it can be seen that several of the mentioned blue-chip projects have made the list, with significant increases in weekly trading volume.

Community Reactions

In addition to investors who view this news positively, many are concerned that using APE as a payment token will greatly reduce market liquidity. If 70,000 parcels of land are sold for 600 APE each, 15% of the current market circulating supply will be held by Yuga Labs, leading to more volatile APE prices and a concentration of tokens in the hands of Yuga Labs.

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