Just two days ago I wrote an article about the Wicked Ape Bone Club collection, which then had reached a traded volume of 963 ETH with a floor price nearing 0.1 ETH.

Well, it seems that the market is extremely bullish on this collection, as it took only two days since this post to have the floor price reach 0.24 ETH with only 50 tokens before the next 0.3 milestone, and a total traded volume of 1.4 million ETH already!

Trade activity was especially high on Sunday, with 1,396 items sold, compared to 706 on Saturday.

Even as early buyers came in on Monday to book profits by listing many new items near floor price, market demand was high enough to withstand the offer and to even slowly but surely raise the floor price.

This is a very bullish sign, as usually after a rapid price increase early buyers want to book their 200% or 300% return on initial investment, causing a market correction due to the increased offer.

It is expected that Wicked Ape Bone Club will continue its bull run as influencers and NFT professionals are now showing interest for the project on social media.

On their Discord server, the community is extremely active and enthusiastic, with thousands of people joining in during peak times.

We’ll sure keep a close eye to this amazing project and community.