Why are bored ape NFTS back in the news?

Bored Ape NFTs. These tiny little creatures have popped back into the news cycle because, in a shocking turn of events, the guys who bought the NFTs are not happy with their purchases. A group of investors are suing a whole lot of people over an auction and promotion of the Bored Ape Yacht Club NFTs after the prices dropped, CNN reported.

How much did bored ape sell for?

For some reason, Bored Ape #6588 just sold for $1.17 million. The Bored Ape Yacht Club's artwork sells for big money. Indeed, even as headlines herald the NFT implosion of 2022, such obituaries ignore what's really going on. The NFT craze isn’t going to turn out teenage millionaires every day anymore.

How much does a bored ape NFT cost?

That's an average price of over $241,000, but Bored Ape NFTs now sell for a floor price of about $50,000 worth of ether cryptocrurrency, according to CoinGecko data accessed today.