Well-known Bored Ape Yacht Club holder known as @franklinisbored on Twitter announced they sold “a lot” of non-fungible tokens from the blue-chip collection created by Yuga Labs.

The Block Research confirmed that @franklinisbored sold a total of 27 Bored Ape NFTs for ETH 1,439, or nearly $3 million. The NFTs sold for an average of ETH 55.29, roughly $110,000 per Bored Ape, The Block Research also said. The price of ether has recently been rising amid the Shapella upgrade.

The major NFT investor may now only hold two Bored Apes, said The Block Research, adding that the sale caused the collection's floor price to slide to its lowest level in five months. BendDAO operates as a non-fungible token lending platform, where lenders can deposit ether to earn interest. Additionally, borrowers can obtain loans using their NFTs as collateral.

(by RT Watson)