The Ethereum altcoin (ETHAfter a new Blockchain was introduced in the ecosystem, ) is experiencing massive gains.
ApeCoinAPEThe value of the non-fungible Bored Ape Yacht Club tokens (NFTs) has risen by 135% since Saturday.
APE has begun to rally since Apechain’s launch on Sunday.
Apechain – a Yuga Labs project that developed APE – allows for the stake of ApeCoin and extends Bored Ape Yacht Club.
Says The pseudonymous Analyst Elena
“Apechain provides a seamless user experience by facilitating NFT trading, NFT coin minting and dApps. What’s unique about ApeChain? ApeChain has several advantages:
- Scalability: solves the congestion issue seen on other blockchains
- Offering token rewards, airdrops and stakes are all incentives.
- “Fully compatible with APE token”
Wylie Aronow (also known online as Gordon Goner) is the co-founder of Bored Ape. said,
“I want to see ApeChain be the most insanely creator focused chain in crypto. Filled with tools that makes it easy to build, get noticed, and color outside the lines. I don’t want ApeChain to be just for BAYC. I want it to be for all apes.”
On-chain data provided by crypto analytics platform Arkham Intelligence reveals that ApeCoin’s official address has been changed. transferred Wintermute, an algorithmic trading platform for digital assets at the time, received 3.289 APE valued at $5.13 Million. ApeCoin treasury is also located at this address sent Wintermute was 4.6 APE, which at the time were worth $6.95 Million.
ApeCoin is retracing from Monday’s peak. APE was trading at $1.36 as of the time of this writing. This is a 12.5% drop in 24 hours.
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