Statisticians have shown that the crypto asset dedicated the Bored Ape Yacht Club community, APE (apecoin), has increased more than half compared to the U.S. dollars in the last two week. The market capitalization of apecoin, which is currently the 32nd biggest among the 13,691 cryptocurrencies, reached an all time high of $17.30 per one unit just a few days back. Data also shows out of the 48,570 APE holders, there’s a large concentration of apecoin whales.
A large concentration of Apecoin whales
BAYC-infused APEcoin (APE), has been an extremely popular cryptocurrency project since its inception. Since then, millions of coins have been airdropped to NFT holders. More specifically, the holder’s NFTs derived from the BAYC, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) collections.
Statisticians have shown that 150 million APE was distributed in the first airdrop. However, so far, only 140,725,540 APE were claimed. Data shows there’s 284,843,750 APE currently in circulation among 48,570 APE holders. Looking at the apecoin (APE) rich list via coincarp.com shows that out of all the APE in circulation, there’s a large concentration of apecoin whales.
In other words, 9.16% is held by the top ten APE holder, which amounts to 26,091,687.5 pecoin. Current control of 14.16% (40,333,875 APE) is held by the top 20 APE holders. Further data shows that the top 50 APE holders control 29.16% (equivalent to 83.060.437.5 pecoin). The top 100 APE wallets also hold 52.36% today’s APE supply.
They account for 0.2% of 48.570 APE owners today. According to the latest supply, 30,305 548 APE is held at the top address, representing 3.03%. Second-largest APE Address holds 10,833,332 APE, which is 1.08% of current apecoin.
3 % of all APE trades settled on Binance. 42% of all APE trades are Paired with Tether
Presently, APE is only 4% away from surpassing the token’s all-time high and the coin has seen $1.87 billion in 24-hour trading volume. Apecoin is the most traded cryptocurrency on the decentralized exchange platform Uniswap. APE also dominates Sushiswap (1inch), and 0x Native (respectively) in terms of dex platforms.
Binance is the most active centralized crypto exchange trading APE today as the crypto’s top pair is tether. USDT accounts for 42.26% (at the time this article was written) of all APE transactions worldwide. Binance is the place where more than 33% of APE (apecoin) trade volumes have been settled. Meanwhile, because of apecoin’s recent price high, the hashtag #APECOIN is trending on TwitterThis weekend.
How do you feel about large numbers of apecoins whales in the area? Comment below and let us know how you feel about the subject.
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