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. Eight hours later, APE jumped to the 110th most traded token ranked in CoinGecko. APE has now been traded across all tracks for $900 Million in total trading volume.

There were volatile price movements within minutes of the launch and headlines showed APE’s price dropping by 80%. The question is whether the average BAYC/MayC owner might have bought APE at $40, instead of the $14 it was trading at at the moment of publication.