APE cryptocurrency project emerged as the most-purchased digital currency from the biggest Ethereum wallet within the past 24 hour.
This week’s biggest news was the APE cryptocurrency project release. After being airdropped to BAYC NFT owners, APE was released into the public market.
According to current news, many mainstream Ethereum users want to invest big in APE coins.
WhaleStates about Ethereum
WhaleStatesA tweet was published by, one the world’s most popular crypto whale analysis platforms, about the APE cryptocurrency. The analytics giant described Ape coin’s climb up the leaderboard for the 10 most purchased crypto tokens within 24 hours by more than 1,000 largest ETH whale traders.
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APE Coin sits at #4 on the global leaderboard for most bought tokens, after USD Coin (USDC). It is also the most popular BUSD token, with an average purchase amount of $40,854 over the last 24 hours.
Notably, this trade took place on March 18th, when the first ETH address purchased 300,000 APE Coins (sold at $3.3million). This transaction took place March 18Th.
The transaction was then valued at more than $4.2 million. This puts the price for the whale-trader at 7.88 less than its All-Time Record Price of $17.75 Friday 18Th March.
What is the APE coin?
ApeCoin, an Ethereum-based utility token and governance token that is used within the APE Network (ERC-20), is an Ethereum-based currency. It allows for decentralized transactions and empowers everyone to be at the forefront web 3.0. ApeCoin currently has 277,000,000 tokens. However, its fixed supply of 1,000,000,000 tokens cannot be changed.
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.
ApeCoin was already included in a number of top cryptocurrency exchanges and platforms for crypto analytics. These are Gemini, FTX and Coinbase. Binance, Global Coin. eToro. Kracken. Voyager.
What Are The Whales Like?
Amazingly, The crypto whale that made this purchase is Ethereum’s 10thLargest whale. However, his portfolio comprises nearly 50% FTT token, FTX exchange’s native token.
Apart from the initial purchase, there was a second transaction by 20ThThe largest whale on the Ethereum blockchain. The second whale bought an equal number of APE tokens on Thursday (17th).Th March).
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ApeCoin released more information about APE coins on Sunday. This was in recognition of the partnership with Time Magazine. This will allow Time magazine to offer online subscriptions by using the APE token.
Featured image taken from Pixabay. Chart from TradingView.com