The cryptocurrency that major exchanges likely listed the quickest was ApeCoin. APE was developed with the goal of being used within the BAYC ecosystem.
One of the most eagerly anticipated and hyped events was the debut of APE. The token was introduced in March 2022, reaching an all-time high of $39.40. APE was sought after by many users in the hopes that its price would soar like the BAYC NFTs. However, the excitement didn’t last long. It quickly dropped in value, just like the BAYC NFT collections.
The entire cryptocurrency market has been strangled by the prolonged bear market. However, as per the data from WhaleStats, ApeCoin has now entered the list of the most purchased token among the 100 biggest ETH whales.
ApeCoin price reacts to increased whale interest
The latest data from WhaleStats reveals increased interest in ApeCoin by whales. APE secured the top 10 list by trading volume, most purchased token, and most used smart contract. Apart from APE, other coins that followed suit include UNI, MANA, SHIB, ENG, and BAT.
The crypto market is trading in the red at press time. However, the data from CoinMarketCap reveals that APE is up by 2.69% in the last 24 hours.
There has been a spike in the market cap of APE by 2.6% and also in the trading volume in the last 24 hours by 1.35%. Nevertheless, the coin is down by 90.78% from its all-time high on March 17, 2022.