ApeCoin’s on-chain metrics point to local top following 78% climb over 6 weeks – Santiment

ApeCoin whitethorn person deed a section apical aft a dependable ascent of 78% implicit the past six weeks, according to Santiment Analytics.

The probe steadfast said a divergence betwixt web maturation and terms is taking shape, which whitethorn pb to downward unit connected the token, indicating that a section apical whitethorn person started to signifier astir January 23.

APE Price vs. Network Growth (Source: Santiment Analytics).

Whale enactment whitethorn beryllium different indicator of a section top. In the period of January, whale enactment roseate importantly with the fig of APE sellers exiting astatine betwixt $4.00 and $6.00.

APE Price vs. Whale Transactions Count (>$100k USD) (Ape). (Source: Santiment Analytics).

The staking declaration has besides seen a flattening of deposits implicit the past 7 days.

APE Staking Contract itself. (Source: Santiment Analytics).

Wallets containing betwixt 10,000 to 100,000 APE person besides tapered since the APE staking merchandise successful December.

Wealthy APE Holders Are Declining. (Source: Santiment Analytics).

As of property time, APE is up much than 2x since hitting its debased of $2.63 successful November 2022.

ApeCoin presently sits atop the metaverse token leaderboard with a full marketplace capitalization of $2.16 cardinal arsenic of January 31.

The station ApeCoin’s on-chain metrics constituent to section apical pursuing 78% ascent implicit 6 weeks – Santiment appeared archetypal connected CryptoSlate.