Elon Musk, the billionaire Tesla CEO in the process of buying Twitter, appeared to change his profile picture on the social network to a composite image featuring multiple Bored Ape Yacht Club Non-fungible tokens (NFTs) on Wednesday.

As of Wednesday morning, Musk's Twitter avatar featured a picture of dozens of Bored Apes, with Ape 5809 in the centre. The image appeared to be a stock photo. 

The price of apecoin, the token launched by Bored Ape creator Yuga Labs, climbed following the revelation. APE rose 16% to $16.96 over the past hour, according to Coinbase data. 

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