Over the past two weeks, statistics show that Bored Ape Yacht Club’s (BAYC) community’s newest crypto asset, apecoin (APE), has gained over 50%!
A few days ago, apecoin reached an all-time high at $17.30 per unit and this crypto asset is now the 32nd in terms of market capitalization among 13,691 other cryptocurrencies. The data also shows that out of the 48,570 APE holders, there is a high concentration of apecoin whales.
A large concentration of apecoin whales
Apecoin (APE) launched by BAYC has been a trending cryptocurrency project since its launch and the millions of coins that have been distributed via a massive airdrop to NFT holders of BAYC, Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club (BAKC).
According to statistics, the initial airdrop aimed to distribute 150 million APE and so far 140,725,540 APE have been claimed. The data shows that there are currently 284,843,750 APEs in circulation among 48,570 APE holders. Examination of the list of apecoin (APE) holders via coincarp.com shows that out of all the APEs in circulation, there is a high 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 have under their control 14.16% of the APEs in circulation, 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. Besides, the top 100 APE portfolios hold 52.36% of the current APE supply.
These 100 holders represent 0.20% of the current 48,570 APE holders. In fact, the first 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 transactions are made on Binance
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. When it comes to dex platforms, Apecoin also has a strong presence 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 APECOIN’s total trading volume (APE) was settled on Binance. Meanwhile, due to the recent surge in the price of apecoin, the hashtag #APECOIN is trending on Twitter this weekend.