Just a few weeks ago, YugaLabs rewarded their diamond hand holders generously with an airdrop of just over 10,000 ApeCoin per Bored Ape held, sparking mass euphoria in the NFT market.
Now, ApeCoin ($APE) just soared past $17 and is at it's all-time high (airdrop is valued at over $170,000 if you held) leading up to Bored Ape Yacht Club's 1 year mint anniversary date. ApeCoin jumped nearly 60% in 2 days from $10 to $17.20, with many believing that it will surpass the $20 mark soon.
There has been mass speculation on how YugaLabs are planning to conduct their land sale/airdrop for the land plots in their 'Otherside' metaverse. In a tweet, that has since gone viral. BAYC Holder WillyTheDegen outlines his 'alpha' and outlook on how he thinks the 'Otherside' land sale will take place, which seems to have garnered a lot of support from the community:
Whether, the projects that were teased in the trailer will get whitelist access to any land sale in the 'Otherside' is still to be confirmed. However, the general consensus has been that the land sale will be conducted in ApeCoin. There is currently no further utility so far for ApeCoin in the YugaLabs metaverse, but with how BAYC have been setting the trend in the NFT space, we trust that they will bring much further utility for ApeCoin.