According to data disclosed by Arcade.xyz advisor Cirrus on social media shows that a wallet holding $4 million worth of APE began buying "Bored Ape Yacht Club" (BAYC) from the Blur platform yesterday. Cirrus analyzed that this move may be in response to a proposal previously initiated by Huang Licheng, intending to use $24 million worth of ApeCoin DAO treasury funds to bid for BAYC, MAYC, CryptoPunks, and other digital collectibles.
