![Why Ethereum [ETH] address outflows may be headed for DeFi](https://cryptonoiz.com/wp-content/uploads/2023/03/AMBCrypto_An_image_of_a_stylized_Ethereum_logo_with_arrows_poin_22f2aeff-c7bb-4c7d-aec7-547a37a35e82-1-1000x600-360x180.jpg){kind=logo}
Contemporary from bidding to Buy Twitter, Elon Musk, the billionaire CEO and founding father of Tesla, sparked a stir on the social media this morning when he modified his profile picture to a collage image that includes a number of Bored Apes nonfungible tokens (NFTs).
Musk’s Twitter avatar as of Wednesday exhibits an image that includes a set of Bored Apes with Ape 5809 stacked within the center. The NFTs are all from totally different artists, every with a singular design and serial quantity.
Bored Apes are extremely coveted amongst NFT collectors. So well-liked that when Yuga Labs, the corporate behind the Bored Ape NFT, launched its current NFT challenge, fuel prices on Ethereum soared into the 1000’s of {dollars}.
The announcement prompted a stir within the NFT group, with some saying Elon Musk made a collage of “screenshotted bored apes his profile image to troll NFT house owners.” Others consider Musk is attempting to sign his intention to get into the NFT house.
Looks as if @elonmusk entered NFT world
Do you suppose he’ll use @TraitSwap to made his Bored Apes extra Fancy? https://t.co/G3Xee9SjdD
— Fancy Bears Metaverse (@FancyBearsMeta) May 4, 2022
Michael Bouhanna, a recent artwork specialist and co-head of digital artwork at Sotheby’s, was likewise fast to react, sharing a screenshot on Twitter of Musk’s profile. Bouhanna tweeted asking the Tesla CEO to delete the avatar he had designed for Sotheby’s sale, suggesting that Musk had not acquired the NFTs.
@elonmusk as a lot I like your work I’d such as you to take away your pfp that I created for our Sotheby’s sale. Otherwise you credit score me . Pleased to ship you the unique file minted with the customer approval pic.twitter.com/e83ZyxWGH5
— Michael Bouhanna (@michaelbouhanna) May 4, 2022
Elon Musk has since tweeted, “I dunno … appears kinda fungible,” to his 90.7 million followers.
Regardless of the case, Apecoin (APE) holders have been ecstatic, with their tokens growing 20% in worth, in keeping with Cointelegraph Markets Professional information. Because the Tesla CEO up to date his Twitter profile picture, over 10 Bored Apes have been sold on the time of the article, and the ground worth has since risen by 10 Ether (ETH).
