The Bored Ape Kennel Club is having a near historic day as sales volume and transactions soar.
At the time of this articles publication, the BAKC has had 545 transactions worth 1,280.5 Eth, according to evaluate. Market. This is the second biggest day in the BAKC’s history.
Currently, the floor price for a BAKC dog is 2.03 Eth, and there are 4049 unique owners, according to Opensea.
The recent price movement of the BAKC dogs correlates with an announcement that The Bored Ape Yacht Club posted nearly a month ago on 6/25/21.In the announcement titled, “Roadmap Update #5”, GordonGoner outlines utility for the dogs and teased an announcement next month.
“Regarding utility for BAKC Club Dogs – we wanted to do something special for all our new doggo owners,” GordonGoner posted. ”So we have a special item planned next month only for dog holders. We’ve also got some fun things planned (Roadmap 2.0) for people who own both an ape and a dog. Beyond that, Club Dogs will be featured heavily in the narrative world we've been cooking up for Roadmap 2.0 so be on the lookout for more Club Dog fun.”
While no one is sure what the BAYC has planned for dog owners, some bored apes are taking this time to stock up on four legged friends.
“Insane volume ramp,” BAYC member Dfarmer tweeted. “It impresses me even more than the floor rise, some serious liquidity going after the #BAKC. As promised went shopping for rarity with the proceed of some floor sale, here’s the catch! With two big catalysts coming up in the coming weeks this could go fast.”
Based on Twitter activity, it is likely buying will continue until the BAYC makes an announcement regarding the dogs. The Bored Ape Gazette will continue to cover the BAKC and report any announcements or updates.