Ethereum Whales Purchase Over $6 Million Worth Of APE Tokens
March 22 2022 - 4:28AM
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The APE crypto project has arisen as the most purchased digital
currency by the largest Ethereum wallet in the last 24 hours. The
release of the APE crypto project has been the table-shaker of this
week. Interestingly, last Thursday, the APE coin was deployed into
the public markets after being distributed to BAYC NFT holders as
an airdrop. Currently, news has it that mainstream Ethereum users
are readily interested in going big on the APE coin, and they have
their actions to precede them. WhaleStates About Ethereum
WhaleStates, one of the leading crypto whale analytics platforms
globally, published a tweet about the latest updates on the APE
coin. From the post, the analytics giant described the Ape coin as
climbing up the leaderboard of the top 10 purchased crypto tokens
by over 1,000 largest ETH whale traders within the past 24 hours.
Related Reading | Shiba Inu Exodus: 32,000 Holders Lose
Interest In The ‘Dogecoin Killer’ The APE coin sits as the #4
leaderboard of most purchased tokens globally, following USD Coin
(USDC). Additionally, it is the leading BUSD token with an Average
Purchase Amount of $40,854 in the past 24 hours. Notably, the first
ETH address purchased exactly 300,000 APE coins (sold at $3.3
million current). This trade occurred on March 18th. Then, the
transaction was valued at over $4.2 million. Thus, making the whale
trader at a 7.88 decrease since its All-Time-High price of $17.75
on Friday 18th March. What Is The APE Coin? ApeCoin is an
Ethereum-based (ERC-20) utility and governance token utilized
within the APE network. It facilitates decentralized transactions
within the ecosystem and empowers the entire community to develop
at the vanguard of web 3.0. ApeCoin has an unchangeably fixed
supply of 1,000,000,000 tokens, but there are currently only
277,000,000 tokens in circulation. ApeDAO, the project’s
decentralized organization, deployed the APE coin for gaming,
culture, and community to further the developments of the company’s
Web 3.0 innovations. Already, ApeCoin has been listed among several
leading crypto exchanges and crypto analytics platforms. They
include Gemini, FTX, Coinbase, Binance, Global Coin, eToro,
Kracken, and Voyager. Who Are The Whales? Amazingly, the crypto
whale that made this purchase is Ethereum’s 10th largest whale.
However, his portfolio comprises nearly 50% FTT token, FTX
exchange’s native token. Moreover, asides from that first purchase,
a second transaction occurred by the 20th biggest whale in the
Ethereum blockchain. This second whale purchased an equal amount of
APE tokens that day (Thursday, 17th March). Related Reading
| Bitcoin Breaks Past The $40,000 Barrier Again – Can It
Sustain The Momentum? On Sunday, ApeCoin published more recent
developments about the APE coin, highlighting the collaboration
with Time Magazine. Thus, the magazine giant will begin to use the
APE coin to facilitate online subscriptions. Featured image from
Pixabay, chart from TradingView.com
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