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Elon Musk “teases” ApeCoin causing the price of APE to fluctuate greatly

ApeCoin (APE), the native token of the Bored Ape Yacht Club ecosystem, surged when Tesla founder Elon Musk featured a collage of Bored Ape as his Twitter profile picture.

The APE, used to vote on community decisions and other services within the popular Bored Ape Yacht Club (BAYC) ecosystem, has grown to $17.60.

Notably, right after changing the profile picture, Musk posted a tweet “teasing” APE’s NFT when saying that it “looks like a replaceable” causing its price to immediately drop to 15,90.

In addition to Musk, a number of celebrities have also posted Bored Ape photos as their Twitter profile pictures, which has contributed to the massive popularity of the NFT collection. The list includes basketball star Stephen Curry and musician Steve Aoki.