"Irreplaceable, really?"...Elon Musk reopens the BAYC profile picture commotion – why?

▲ BAYC (Source: Yuga Labs)

Elon Musk, CEO of Tesla (TSLA), has once again brought up the past incident of changing his non-fungible token (NFT) profile picture, which caused a stir on social media. Investors' attention was drawn as he directly recalled the past anecdote that garnered a heated response from the virtual asset community.

According to U.Today, a virtual asset media outlet, on September 22 (local time), Musk revisited the moment in May 2022 when he set a mosaic of Bored Ape Yacht Club (BAYC) images as his profile picture on X (formerly Twitter). At the time, Musk changed his profile without prior notice, increasing the volatility of the NFT market.

Immediately after changing his profile picture, Musk posted a humorous jab at the concept of NFT uniqueness, stating, "Seems kinda fungible." The sudden action and mocking remark from the world's richest man caused the floor price of related NFT collections to fluctuate sharply in the short term, sparking a heated debate across the entire virtual asset market.

This recent mention is once again being discussed in conjunction with the recent trend of reduced Web3 feature support and profile picture function reorganization within the X platform. It is seen as a reaffirmation of the explosive popularity of collectible digital assets at one time and the influence that social media remarks from prominent figures have on the market.

Musk's online remarks across artificial intelligence and virtual assets continue to have a powerful ripple effect. This latest mention, recalling a symbolic moment from the past, also garnered millions of views on social media, drawing the attention of market participants.

[Article Key Summary]

-Elon Musk has once again recalled the anecdote of changing his profile picture to a BAYC mosaic image in 2022.

-At the time, Musk made remarks mocking NFT uniqueness, triggering sharp fluctuations in market floor prices and heated debates.

-The ripple effect of prominent figures' social media activities on the virtual asset and digital collectibles market has been reconfirmed.

*Disclaimer: This article is for investment reference only and does not take responsibility for investment losses based on it. The content should be interpreted for informational purposes only.*