ApeCoinAPEAfter falling to the lowest point in just two months, () is now showing a dramatic recovery. Its strong correlation with (BTCMacro risks and U.S. equity amid them suggest that there could be more losses.

APE rebounded nearly 45% to $7.30 by May 12. APE plunged by 81% to $5 (from its April 28 high of near $27.50) and this was followed by an upside retracement.