ApeCoin breaks out of a slanting channel after bouncing off the 80% Fibonacci Retracement level.
Yuga Labs announced a comprehensive restructuring of the ApeCoin ecosystem in response to international regulatory pressure on Web3 entities. The independent ApeCo leader role will be eliminated and its current holder, Cam, will leave the organization immediately. The transition must be completed before June 5, 2026.
Bored Ape floor prices have doubled in a month as Yuga Labs CEO Michael Figge says blue-chip NFTs were oversold.
High speculative interest could introduce increased volatility and liquidity hunts in the short-term.
An onchain trader previously flagged by analysts at Lookonchain as the wallet behind a profitable Apecoin insider trade has expanded a Lido DAO long position to 10.26 million LDO, valued at approximately $4.58 million. Key Takeaways: The wallet linked to the APE insider trade now holds 10.26 million LDO worth $4.58 million, per Lookonchain.
An anonymous wallet with no prior trading history turned $174,000 worth of ether into $2.45 million by trading Apecoin on both sides of an 80% price surge in a single day. Key Takeaways: Wallet 0x0b8a converted $174,000 in ETH into a leveraged Apecoin long, exiting near the top for a $1.79M profit.
An ApeCoin whale realized $2.27 million in profit, making a 14x return.
Apecoin raised many eyebrows with an over 80% jump in just a few hours. The price surged from $0.1013 to as high as $0.1965 with a mammoth rise in the trading volume by 2130% to reach close to $300 million. Interestingly, this surge didn't come out of nowhere.