Who got Elon Musk to troll BAYC, resulting in a spike in ApeCoin on his NFT Twitter bingo card for this month? Well, apparently that’s what happened this morning. However, anyone who thought this might be Elon’s NFT conversion might need to think again. That’s because Musk trolled NFTs in a tweet shortly after.
ApeCoin surge or not, Elon Musk just loves trolling NFTs
ApeCoin wasn’t the only thing that sparked Elon Musk’s tweet this morning. In fact, NFT Twitter was in an uproar after the Tesla CEO changed his Twitter profile picture to a Bored Apes collage. In particular, an image associated with many 101 BAYCs auctioned at Sotheby’s last year.
The billionaire currently working to buy Twitter has led people to speculate that he might have been the anonymous buyer of these monkeys. Others wondered if he always had an NFT wallet. Whether just by accident or as a direct result of the action, ApeCoin saw its price rise rapidly.
According to CoinGecko data, ApeCoin price skyrocketed from $14.50 to $17.46 in about an hour. And the surge in ApeCoin value happened right at the time of Elon Musk’s PFP switch.
Despite its seemingly positive impact on ApeCoin, wishful thinkers about Elon Musk’s NFT position soon got their answer. He followed the PFP move with a troll tweet. “I don’t know… seems kind of fungible,” he posted, poking fun at the idea that NFTs are unique. No wonder, given Elon Musk’s longstanding opinions on NFTs.
In any case, the change was short-lived – ApeCoin’s price fell almost as fast as it rose. At the time of writing, it sits at $15.86.