Non-fungible tokens (NFTs) have taken the digital world by storm over the past two years, with certain collections commanding prices in the hundreds of thousands or even millions of dollars per token. Among them, Bored Ape Yacht Club (BAYC) has established itself as a blue-chip NFT project, with a floor price of 105 ETH (approximately $360,000) and a 30-day sales volume of $257 million as of early April 2022. While skeptics question the intrinsic value of NFTs, the profits realized by early traders tell a compelling story of market timing and risk appetite.
This article examines the five most profitable BAYC traders of all time, based on on-chain data from CryptoSlam and DappRadar. Collectively, these traders have generated over $21.17 million in profit from just 99 trades, showcasing the outsized returns possible in the NFT market.
The Top 5 Most Profitable BAYC Traders
1. Machibigbrother — Profits: $5.85 million (34 trades, 182.29% return). Currently holds a portfolio worth $72.72 million across 6,626 NFTs from 203 collections.
2. icanfly3 — Profits: $4.93 million (26 trades, 562.91% return). Portfolio includes 498 NFTs from 64 collections.
3. Dfarmer — Profits: $3.99 million (14 trades, 455.96% return). Holds 1,444 NFTs worth $9.69 million.
4. 0xC310e7 (anonymous Ethereum address) — Profits: $3.64 million (10 trades, 2,310,248% return). Wallet value ~$1 million with 47 NFTs.
5. 4932114 — Profits: $2.76 million (15 trades, 1,084% return). Portfolio valued at $560,380 with 645 NFTs.
The Most Expensive BAYC Sale and the Sixth Trader
The single most expensive Bored Ape ever sold was #3749, which fetched 740 ETH ($2.9 million). The seller, known as Boothy, earned $2.29 million in profit from just six BAYC trades, ranking sixth overall. The BAYC ecosystem continues to generate enormous wealth for early adopters and savvy traders, though volatility and market sentiment remain key risks.