ApeCoin Price Skyrockets After Apechain Launch, Then Pulls Back
23.10.2024 14:00 1 min. read Kosta Gushterov
ApeCoin (APE), a token linked to the Bored Ape Yacht Club (BAYC) NFT collection, surged 135% to $1.74 on Monday following the launch of Apechain, a new blockchain in its ecosystem.
Created by Yuga Labs, Apechain supports ApeCoin staking and broadens BAYC’s reach.
A pseudonymous analyst highlighted Apechain’s unique features: scalability to reduce congestion, rewards and incentives like token staking and airdrops, and full integration with APE.
Before the launch, BAYC co-founder Wylie Aronow expressed his vision for ApeChain as a creator-focused platform beyond just BAYC.
On Monday, Arkham Intelligence reported significant transfers of APE, with 3.289 million tokens (worth $5.13 million) sent to Wintermute’s trading platform, followed by a treasury transfer of 4.6 million APE ($6.95 million).
Since Monday’s peak, ApeCoin has fallen to $1.23, a 16.4% drop over 24 hours.
-
1
Elon Musk’s Dogecoin Comments Stir Concern, But HODLers Keep Hope Alive
31.03.2025 15:00 2 min. read -
2
Analyst Warns of Massive Ethereum Drop Against Bitcoin
03.04.2025 21:00 2 min. read -
3
Crypto Whale Bets $27 Million on PEPE, Faces Liquidation Risk
31.03.2025 8:00 2 min. read -
4
Altcoins See Major Rebound as Institutional Investors Pour Millions Into Crypto Products
01.04.2025 14:00 1 min. read -
5
Binance Announces Next Megadrop: New Airdrop Listing Confirmed
08.04.2025 20:00 2 min. read
Solana’s Q1 Performance Hints at a Major Shift in Blockchain Dominance
Solana kicked off 2025 with an impressive revenue milestone, pulling in $369.5 million in just the first quarter—half of what it earned over the entire previous year.
Pi Coin Sees Price Boost as Network Unveils Long-Awaited Token Strategy
Pi Coin has seen a noticeable price uptick following the long-anticipated release of its tokenomics blueprint and migration plan.
Momentum Builds for Sui, Yet Technicals Signal a Cautious Outlook
Sui has been making waves lately, with its ecosystem drawing in fresh attention thanks to a spike in speculative trading and DeFi interest.
Altcoins Could Rebound in Q2 as Regulation Boosts Market Confidence, Sygnum Says
Swiss bank Sygnum sees brighter prospects ahead for altcoins, citing a wave of regulatory improvements that could set the stage for a market rebound in the second quarter of 2025.
-
1
Elon Musk’s Dogecoin Comments Stir Concern, But HODLers Keep Hope Alive
31.03.2025 15:00 2 min. read -
2
Analyst Warns of Massive Ethereum Drop Against Bitcoin
03.04.2025 21:00 2 min. read -
3
Crypto Whale Bets $27 Million on PEPE, Faces Liquidation Risk
31.03.2025 8:00 2 min. read -
4
Altcoins See Major Rebound as Institutional Investors Pour Millions Into Crypto Products
01.04.2025 14:00 1 min. read -
5
Binance Announces Next Megadrop: New Airdrop Listing Confirmed
08.04.2025 20:00 2 min. read
