As Apecoin Reaches New Price Highs, Data Shows Top 100 APE Holders Control 52% Supply – Bitcoin News

Over the past two weeks, statistics show that the new crypto asset dedicated to the Bored Ape Yacht Club (BAYC) community, apecoin (APE), has risen more than 50% against the US dollar. A few days ago, apecoin hit an all-time high of $17.30 per unit and the crypto asset is now the 32nd largest by market capitalization among 13,691 other cryptocurrencies. The data also show that among 48,570 APE carriers, there is a significant concentration of apequin whales.

Large concentration of Apecoin whales

BAYC-filled apecoin (APE) has been a popular cryptocurrency project since the coin project was introduced and millions of coins were dropped to NFT holders. More specifically, the bearer’s NFTs are derived from the BAYC, Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club (BAKC) groups.

According to statistics, the initial airdrop was intended to distribute 150 million APE and to date, 140725540 APE has been claimed. The data shows that there are 284,843,750 APEs currently in circulation among 48,570 APE holders. Looking at the list of the richest Apecoin (APE) via coincarp.com, it appears that among 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 20 largest holders currently have 14.16% of the APE in circulation under their control which is 4,033,875 APE. The data further shows that the top 50 APE holders control 29.16% of the APE in circulation, which is equivalent to 83,060,437.5 Apecoin. Furthermore, the top 100 APE wallets hold 52.36% of today’s APE supply.

100 holders represent 0.20% of the 48,570 APE holders today. In fact, the top address contains 30305.548 APE which is 3.03% of the current supply. The second largest APE address contains 10833332 APE or 1.08% of Apecoin in circulation.

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

At present, APE is only 4% away from exceeding the token’s all-time high and the coin saw $1.87 billion in trading volume over 24 hours. Apecoin has the largest amount of trade volume on the decentralized exchange (dex) platform Uniswap. In terms of dex platforms, APE also stands out in Sushiswap, 1″, and 0x Native, respectively.

Binance is the most centrally active cryptocurrency exchange APE today as the top pair of cryptocurrencies is Tether. At the time of writing, USDT accounts for 42.26% of all APE trades worldwide. More than 3% of the total APE trading volume on Binance is settled. Meanwhile, due to the recent price hike of Apecoin, the hashtag #APECOIN is trending on twitter End of this week.

Tags in this story

Point 32, APE, APE whales, Apecoin, Apecoin whales, Asset Distribution, BAKC, BAYC, Binance, Bored Ape Yacht Club, Crypto assets, Distribution, MAYC, NFT Holders, NFTs, Top 32, Volume, uniswap

What do you think of the large concentration of epicoquine whales? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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