Yuga Labs’ BAYC has taken the crypto world by storm. It has surpassed CryptoPunks to be the most valuable NFT project. Recently, it has also launched its fungible token ApeCoin (APE). Owners of Bored Apes, Mutant Apes, or Kernels have been airdropped varying amounts of APE tokens. At its ATH price of US$18, the owner of a single Bored Ape can claim hundreds of thousands worth of APE tokens. This is one of the largest airdrops I have seen over the years. But that’s not even the point. BAYC own...