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Top 100 Apecoin Holders Control Over 51% of the Supply, APE Lost 81% in 2 Months – News Bitcoin News

In mid-March 2022, Bored Ape Yacht Club (BAYC) Apecoin DAO launched millions of Apecoin tokens and dropped them in the air to specific NFT holders. Cryptocurrency assets dedicated to the BAYC ecosystem reached a record high two months ago, reaching $ 26.70 per unit on April 28. However, Apecoin has declined by more than 81% since that day, with 80,744 unique addresses owning APE. 100 addresses control 51.21% of the circular supply.

The price of Apecoin goes down, but the concentration of large APE holders remains the same

Just two months ago, after Apecoin DAO distributed millions, crypto assets apecoin (APE) became a hot topic. Ape (APE) To the owner of the NFT. APE was airdropped on the owners of BAYC, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC).

March 17, APE Exchange hands $ 10.36 per unit, or 53% higher than the current price ($ 4.81 per APE). After launch, APE continued to rise in US dollars, and by April 28, apes reached a record high (ATH) of $ 26.70 per unit.

As of April 28, APE had a circular supply of approximately 284,843,750 tokens. 22nd largest market rating Out of over 13,000 crypto assets. During the ATH period, the market capitalization of APE was also a dominant rating of about 0.40%.Furthermore, the concentration of APE whale entities at that time was Pretty big Compared to most top coins.

Today, at least when it comes to APE’s crypto market performance, it’s a whole different story. Over the past month, Apecoin has fallen 14.5% against the US dollar, but has seen an increase of 8.2% over the past seven days. To date, APE has fallen 81% from the ATH of crypto assets, but what hasn’t changed much is the concentration of whales.

Top 100 Apecoin holders control over 51% of supply, APE lost 81% in 2 months
Apecoin metric from intotheblock.com on July 10, 2022.

Bitcoin.com News reported on April 23 that 52% of the APE in circulation is held by 100 addresses. Since the beginning of the crypto winter, the distribution of APE has not changed much and the value of the crypto economy continues to decline. stats for coincarp.com APE Rich List Indicates that the top 100 wallets own 51.21% of the circulating supply.

Metric from intotheblock.com Shows that the concentration of large apes (APE) holders is about 91% today. It’s much more concentrated than Bitcoin (BTC) Today’s rating is about 10%.

APE forwarding reduced, Apecoin search query interest reduced by 95%

Today, the top 10 APE holders account for 8.01% of supply, the top 20 addresses hold 13.01%, and the top 50 APE addresses hold 28.01% on July 10. Transfer per day.

Top 100 Apecoin holders control over 51% of supply, APE lost 81% in 2 months
Google Trends search queries for the term “apecoin” decreased by 95% from the second week of March 2022.

On July 9, 2022, 819 APE transfers were recorded, and last week, $ 71.24 million worth of APEs were transactions associated with transfers in excess of $ 100,000 per transaction. Search data also show that interest in apes (APE) has declined significantly over the past two months.

According to Google Trends (GT) data, the search term “apecoin” scored the highest score of 100 in the week of March 13-19. This week, the search query “apecoin” has a score of 5. Indicators for July 10, 2022.

Tags for this story

Airdrop, Altcoin, APE, Ape DAO, Apecoin, Ape (APE), BAYC, Boring Ape Kennel Club, Boring Ape Yacht Club, Concentration of holders, ERC20, Ethereum, Google Trends, GT data, interest, Holders are concentrated, MAYC, Mutant Ape Yacht Club, nft, NFT, token, Whale

What do you think of Apecoin’s market performance over the last two months? What do you think about whale concentration levels? Please share your thoughts on this subject in the comments section below.

Jamie Redman

Jamie Redman is a news leader in Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the crypto community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,700 articles on Bitcoin.com News about the destructive protocols that are emerging today.

Image credit: Shutterstock, AIXabay, Wikicommons

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