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Fact or fiction? Did ApeCoin (APE) really drop by 80% since launch? -Breaking


ApeCoinAPE(“Bored Ape Yacht Club NFT (BAYC” governance token) was delivered to BAYC owners on March 17. It reached the Mutant Ape Yacht Club owner (MAYC) at 8.30 EST. APE is now the 110th most traded token according to CoinGecko. APE’s trading volume has surpassed $900 Million across all tracks platforms.

There were volatile price movements within minutes of the launch and headlines showed APE’s price dropping by 80%. It begs the question whether a BAYC or MAYC owner would have been able to sell APE for $40 rather than $14 as it currently trades at the time this article is being published.

ApeCoin spot 1-minute chart. Source: FTX
ApeCoin perpetual 1-minute chart. Source: FTX
APE/USDT 1-minute chart. Source: Binance
APE/USDT 1-minute chart. Source: Gate
APE liquidity pool, March 17. Source:
The APE/USDT liquidity pools as at March 17 Source: SushiSwap
APE/USDT first minute volume. Source: Binance