Apecoin (APE) Price Rallies 36% To Hit One-Month High: What's Going On?

ApeCoin APE/USD, the native token of the Bored Ape Yacht Club (BAYC) ecosystem, saw a massive rally on Tuesday.

What Happened: According to data from Benzinga Pro, APE surged by 36% to a four-week high of $16.53.

The coin saw a 250% increase in trading volume in the last 24 hours. At the time of writing, APE’s daily trading volume exceeded $1.7 billion.

See Also: ApeCoin Price Predictions

Aside from Ethereum  ETH/USD and stablecoins, APE was the most purchased cryptocurrency among the 100 richest ETH whales over the last day, according to data from WhaleStats.

Whales bought an average amount of $63,476 APE tokens.

 Data from on-chain analytics tool Santiment further evidences the increased interest in APE among ETH whales.

 

 

Whales holding between 100,000 to 1,000,000 APE tokens increased their holdings from 3.6% to 3.9% since March 28.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsMarketsMoversTrading IdeasApeCoinBored Ape Yacht ClubNFT
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!