ApeCoin (APE) records +47% gains in 1 week, the first 100 APE holders control 52% of the supply!

Over the past two weeks, statistics show that Bored Ape Yacht Club’s (BAYC) community’s newest crypto asset, apecoin (APE), has soared over 50% against the US dollar. A few days ago, apecoin hit an all-time high at $17.30 per unit and the crypto asset is now the 32nd largest by market capitalization among 13,691 other cryptocurrencies. The data also shows that of the 48,570 APE holders, there is a large concentration of apecoin whales.

A large concentration of Apecoin whales

The apecoin-infused BAYC (APE) has been a popular cryptocurrency project since its introduction and airdrop of millions of coins to NFT holders. Specifically, the holders’ NFTs came from the BAYC, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) collections.

According to statistics, the initial airdrop aimed to distribute 150 million APE and to date, 140,725,540 APE have been claimed. The data shows that there are 284,843,750 APEs currently in circulation among 48,570 APE holders. Looking at the apecoin (APE) via coincarp.com shows that out of all the APEs in circulation, there is a large concentration of apecoin whales.

For example, the top ten APE holders hold 9.16% of the 284.84 million APE in circulation, which is equivalent to 26,091,687.5 apecoin. The top 20 holders currently control 14.16% of outstanding APEs, or 40,333,875 APEs. The data also shows that the top 50 APE holders control 29.16% of the APE in circulation, which is equivalent to 83,060,437.5 apecoin. Additionally, the top 100 APE portfolios hold 52.36% of the APE supply today.

Read also Price prediction of 3 cryptocurrencies to watch this week: ApeCoin, Solana and Cardano

The 100 holders represent 0.20% of the 48,570 APE holders today. In fact, the largest address holds 30,305,548 APEs, or 3.03% of the current supply. The second largest APE address holds 10,833,332 APE, or 1.08% of the apecoin in circulation.

3% of all APE trades are settled on Binance, 42% of all APE trades are matched with Tether

At present, the APE is just 4% off its all-time high and the coin has recorded a 24-hour trading volume of $1.87 billion. Apecoin has the highest amount of trading volume on the decentralized exchange (dex) Uniswap. In terms of dex platforms, Apecoin is also prominent on Sushiswap, 1inch, and 0x Native, respectively.

Binance is the most active centralized crypto exchange trading APE today, as the primary pair for the crypto is tether. At the time of writing, USDT accounts for 42.26% of all APE transactions globally. More than 3% of all apecoin (APE) trades were settled on Binance. Meanwhile, due to the recent rise in the price of apecoin, the hashtag #APECOIN is trending on twitter this week-end.

💎 Find the best Gems with our Free Guide!

Learn how to analyze cryptos like a pro, avoiding Red Flags and Scams, to start or continue your adventure in the world of cryptocurrency.

Leave a Comment