ApeCoin Regains Interest as It Is Back on Top 10 Purchase List

07/01/2022

1 minute read

2022.07.01 18:00

APE is back on the top 10 purchased list among whales.
ETH whales begin accumulating APE.
MATIC, MANA, and SHIB seem to be other whale interests.

ApeCoin seems to have regained the interest of ETH whales as it enters the top 10 purchased list among the whales. The data was released by WhaleStats, an on-chain analysis platform that regularly tracks the 100 ETH whales and their purchase history.

JUST IN: $APE @apecoin is back on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs Check the top 100 whales here: https://t.co/N5qqsCAH8j(and hodl $BBW to see data for the top 5000!)#APE #whalestats #babywhale #BBW pic.twitter.com/LSs4kOKQgY

In terms of trading volume, APE holds 7th place among the whales. According to the data from WhaleStats, 4,304,605 APE is held by the ETH whales. That amounts to $19,853,087. However, the most traded token among the top 100 ETH whales seems to be MATIC. The most widely held token is MANA, and in the biggest position by dollar value is SHIB.

The decision of Yuga Labs to introduce ApeCoin (APE) seems to have completely dominated the cryptocurrency industry. Reportedly, the lab’s consecutive announcements have elevated APE to the position of most trending currency.

ApeCoin prices have risen by more than 340 percent since its inception. The whales had slightly drifted away from APE as the token fell over this last month. But now, the interest seems to be back up as whales are stacking up on APE.

Since its release, ApeCoin’s price has experienced a significant boost. At the time of publication, APE was trading at an average price of $4.48, an increase of 2.7% in the last 24 hours. The coin has already cracked the top 50 cryptocurrency list.

The cryptocurrency, which has a fully diluted market cap of nearly $4.4 billion, is ranked 35th on CoinMarketCap. APE has also been added as a payment method by Coinbase (NASDAQ:COIN) Commerce recently.