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Taiwanese Singer Huang Licheng’s Use of ETH and BAYCs Causes Stir in Crypto Community

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It is reported that @ BitcoinEmber, an online analyst, tweeted that Huang Licheng, a singer from Taiwan, China, used up the ETH stored in Blur yesterday after …

Taiwanese Singer Huang Lichengs Use of ETH and BAYCs Causes Stir in Crypto Community

It is reported that @ BitcoinEmber, an online analyst, tweeted that Huang Licheng, a singer from Taiwan, China, used up the ETH stored in Blur yesterday after receiving more than 70 BAYCs. He transferred 3 million USDTs from the address where he kept stable currency to buy 1853 ETHs, redeemed 202000 APEs (about 1.1 million dollars) from the APE pledge pool, and sold them for 670 ETHs. A total of 2523 ETHs were deposited in Blur, but after one night, they were used up again.

Data: Huang Licheng bought more than 2500 ETHs yesterday and deposited them in Blur, which has been used up again

Interpretation of the news:


The cryptocurrency community has been hit with a buzz following a tweet by @BitcoinEmber on the use of ETH and BAYC by Taiwanese singer Huang Licheng. According to the tweet, Huang used up all the ETH stored in Blur after receiving over 70 Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs). This move has sparked a conversation on the intersection between celebrities and cryptocurrency.

Huang Licheng is reportedly known for his love for cryptocurrency, as he has previously promoted several crypto products on his social media platforms. The tweet suggests that he transferred three million Tether (USDT) from his stable currency address to purchase 1,853 ETH. He also reportedly redeemed 202,000 APEs, allocated to him as rewards for pledging liquidity to the APE project’s pool, worth around one million dollars at current prices. He then sold these tokens for 670 ETH, which were subsequently deposited into his Blur wallet, bringing the total to 2,523 ETH.

The news of Huang Licheng’s purchase of BAYC NFTs adds to the growing interest in celebrity-driven marketing, promoting cryptocurrencies and NFTs. While this trend has been gaining considerable attention in recent months, it also raises concerns around the credibility and ethics of celebrity endorsements in the crypto space. A possible explanation for Huang Licheng’s decision to purchase the NFTs may be that owning several BAYC tokens automatically grants access to the Bored Ape Kennel Club. The Club provides exclusive access to chats with other members, merchandise, and invites to exclusive events.

Huang’s use of ETH and BAYCs also stresses the increasing importance and centrality of NFTs within the crypto community, as more people seek to invest in them. It also underscores the imaginative uses of cryptocurrencies beyond their traditional role as a speculative asset.

In conclusion, the story of Huang Licheng’s use of ETH and BAYCs highlights the intersection between celebrities, crypto, and the world of NFTs. It also raises concerns and debates around the significance of celebrity-endorsed marketing in the crypto world, which is becoming increasingly prevalent. As the world looks to comprehend the impact of these new developments, the crypto space may continue to be at the forefront of emerging trends in finance, media, and technology.

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