Last week, the wind of ApeCoin blew in the crypto money market. Shortly after its launch, the price of ApeCoin (APE) rose to $39.40 per token, making it one of the 50 most valuable crypto assets in the market.
This ERC20 token, released by the Bored Ape Yacht Club, has also become a favorite of Ethereum (ETH) whales. ApeCoin (APE) has become the most traded token by Ethereum (ETH) whales in the past 24 hours. ApeCoin (APE) has reached over 36,500 wallet holders just 6 days after being listed on major crypto exchanges Best.
ApeCoin (APE) Coin is the native token of the BAYC ecosystem. BAYC's parent company, Yuga Labs, continues to develop new products and tools, such as the game "Otherside", which is expected to launch in late 2022. Considering the size of the NFT market and its development to date, ApeCoin (APE) may delight more investors.
Yuga Labs is also quite popular on social media. This popularity has made it the owner of the most iconic NFT collections of all time. In a short time, ApeCoin (APE) reached a large audience on social media. Founded in February 2022, the platform's Twitter followers have already reached 226,000.
In addition, Animoca Brands, a software company specializing in the development and distribution of free games, announced the adoption of ApeCoin for a secret project in development with BAYC. This development is also very important for APE.
ApeCoin price is $13.38 at the time of writing and a 24-hour trading volume is $995,345,498. APE price has decreased by -0.3% in the last 24 hours. There is a circulating supply of 170 Million APE coins, with a total supply of 1 Billion coins. Binance is currently the most active market for APE trading.