APE Soars 15% in an Hour as Elon Musk Puts a Bored Ape as Twitter PFP

04.05.2022 / Payment system news

The richest man on the planet – Elon Musk – has once again caused a stir within the cryptocurrency community.

Moments ago, the man spearheading both Tesla and SpaceX changed his Twitter profile picture to that of a Bored Ape with a golden fir surrounded by other apes.

That’s all it took for the markets to react.
In a few minutes after Musk changed his Twitter profile picture, APE coin – the native cryptocurrency of the Bored Ape Yacht Club ecosystem – took for the skies.
APE is up almost 20% in less than an hour, and it currently trades above $17.

Floor prices of the BAYC-related collections also saw an uptick, albeit not as definitive as APE coin.
This story is developing.