ApeCoinAPEYuga Labs recently launched a new cryptocurrency called ‘(APE)’. This token aims to become the foundation of the Otherside metaverse. However, it has been experiencing extreme volatility since the digital land sale. APE’s price dropped from $26 at the peak on Apr. 28 to $14 in May. 2 — more than a 45% drop within a few days of the mint. It has dropped down to $6.

Investors will wonder if ApeCoin’s current volatility will allow it to recover its trading range. Let’s first take a look at the historic price trend, particularly what happened on the Otherdeed mint day; then take a deeper dive into the amount of APE that will be locked and released in the next three years. It will give you a greater understanding of how supply and demand could influence the price moving forward.

Is there a Dutch auction now?

Additional problems were created by the delayed mint

The guaranteed mint for KYC’d wallets vanished

Gas prices skyrocketed in the real mint

APE prices are under pressure because of continuous supply increases