The founder of Floor Protocol, known as FreeLunchCapital, has bought a golden Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) linked to the bankrupt FTX's vault for $1.43 million worth of 588 ETH. The NFT, known as BAYC #7940, is considered one of the most aesthetically pleasing units in the Bored Ape Yacht Club collection. FreeLunchCapital stated that the purchase was a form of revenge against FTX, as they had previously taken assets worth $20 million from him. This event has garnered attention in the crypto market and could potentially lead to renewed interest in trading rare NFTs. Additionally, FTX's release of desired NFTs from its vaults could inject billions of dollars of liquidity into the market. Some experts predict that this event could be the catalyst for a crypto bull market in 2024. There are also indications of an upcoming altcoin season and forecasts of new highs for Bitcoin's price this year.



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