ApeCoin (APE), a new cryptocurrency token that has attracted great interest, has debuted
WhalesStats reports that in two separate transactions by two large Ethereum whales, 600,000 ApeCoins, or almost 8.4 million euros, were purchased in the past few hours. The first transaction was undertaken by a whale ranked 20th and the second by the 10th largest whale, according to WhaleStats.
Simply defined, a whale is someone who owns a chunk of cryptocurrencies or is otherwise a large holder.
The launch of ApeCoin (APE), a new cryptocurrency token that has generated great interest in the cryptocurrency market, was announced on March 17 by the Bored Ape Yacht Club, a collection of non-fungible tokens ( NFT).
APE attained highs of $18.05 (as seen on Binance exchange) on March 18, before a slight decline to where it trades presently. According to CoinMarketCap statistics, ApeCoin is currently trading at $13.54, down 3% percent in the last 24 hours and 1,253% in the past seven days.
Bored Ape NFTs are in high demand, with each fetching several hundred thousand dollars, sparking a spark of interest in ApeCoin. U.Today previously reported that Universal Music Group, the label behind megastars such as Taylor Swift and Drake, purchased Bored Ape 5537, one of the non-fungible tokens from the immensely popular Bored Ape Yacht Club NFT collection.
Whales are increasing holdings
A large ETH whale, “Gimli,” ranked eighth by WhaleStats crypto data platform—who holds 375 billion SHIB tokens or $8,201,153 worth of Shiba Inu, has added other altcoins to his portfolio in the last 24 hours.
“Gimli”, famous for his Shiba Inu buying spree late last year, acquired nearly 300,000 ApeCoins in two separate transactions. The first trade made by the ETH whale was a purchase of 84,090 APE, or $1,178,952. The second acquisition was 216,220 APE, or $2,841,135.
This brings the total amount of ApeCoin bought by the top ETH whales in the last 24 hours and reported by WhaleStats to nearly 900,000 tokens.
