According to a Twitter user, @WillyTheDegen, Yuga Labs might distribute $APE tokens to the owners of Bored Ape, Mutant Ape, or Kennel dogs. The same user introduces the source as a friend of a MoonPay employee.
If that’s true, then how many $APE tokens will the holders receive?
According to @WillyTheDegen, the amount will be based on how long the owners have held the NFTs.
This is not the first time someone has talked about $APE token distribution to BAYC holders. Earlier, NFT influencer, @economist wrote an article explaining how distribution can take place.
According to him, a total token count of more than 1 billion might be distributed. However, he made the assumptions based on data available from December 5th to December 12th, 2021.
Currently, over 6000 unique wallets own an original BAYC. So if the rumors are true, $APE will have a substantial community to back the token.
Lastly, the distribution of the tokens will certainly encourage previous holders of BAYC to re-engage with the project. All in all, they can choose to hold, sell, or even dump their $APE tokens to other collectors.
If the speculations come true, BAYC will add several new fans. Till then, stay tuned!