The Heist That Shook the NFT World
ApeCoin (APE) found itself in a bit of a pickle after the infamous Bored Ape Yacht Club (BAYC) reported a hefty $2.4 million loss due to a digital heist. In the world of NFTs, this was like spilling coffee on your new white shirt—an absolute disaster. It all started when a hacker compromised BAYC’s official Instagram account, sneaking in a phishing link that tricked users into transferring their precious tokens.
The Aftermath: APE Price Drops
In the wake of the hack, the APE price took a nosedive, plummeting nearly 11% to $17.41 by April 26. Just when APE enthusiasts were dreaming of hitting that sweet $25 mark, the rug was pulled out from under them. The BAYC Twitter handle belatedly confirmed the hack, but by then, it was too late; users had already lost their prized NFTs to the hacker’s hungry wallet. As one user lamented, ‘And there goes like 100 apes to the hacker.’ Ouch!
OpenSea’s Reaction: Suspicious Minds
OpenSea, the heavyweight champion of NFT marketplaces, swiftly tagged the stolen NFTs as suspicious. But despite this caution, the hacker managed to sell four BAYC collectibles for a whopping $1.6 million. Talk about the ultimate slap in the face! I mean, how do you even go to bed after stealing someone’s digital ape? Do you sleep peacefully or scroll through your ill-gotten gains?
Technical Analysis: APE’s Price Patterns
As the dust settled, the APE price deviated from its previously bullish
