Bored Ape Yacht Club’s ApeCoin jumps 22% overnight following launch of star-studded music video

What

The value of NFT Collection Bored Ape Yacht Club’s Ethereum token ApeCoin has risen by 22% overnight

Why 

The price increase comes after a week of star-studded live events, including a release of a new music video by Eminem and Snoop Dogg sporting their Bored Ape avatars

What next 

The dedicated music video points to the growing reach and cultural influence of popular NFT collections

The story

Bored Ape Yacht Club (BAYC), the NFT collection which rose to fame with its unique package of Ape-themed avatars and exclusive member’s club offerings has seen a 22% increase in the valuation of their newly launched ApeCoin token.

The price increase marks a comeback from a difficult run for the token, which had fallen almost 65% in the past few weeks.

The rise followed a busy week of star-studded live events promoting the coin, including the release of a new music video by Eminem and Snoop Dogg, in which the prominent rappers and noted BAYC ambassadors transform into animated versions of their Bored Ape avatars.

During the private festival, the rappers debuted the new single, “From the D2 The LBC,” live to an audience of BAYC and Mutant Ape Yacht Club (MAYC) holders, demonstrating the growing influence of popular NFT collections.

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