Binance Suspends APE Lending Function Due to Excessive Demand, ApeCoin Daily Trade Volume Now Ranked 4th

Quick take:

• Binance has suspended the Apecoin (APE) lending relation owed to excessive demand
• Apecoin is present the third-highest liquidated coin aft Bitcoin and Ethereum
• The 24-hour commercialized measurement of Apecoin is present 4th aft Tether, Bitcoin, and Ethereum
• Apecoin could precise good beryllium connected a way toward exceeding its all-time precocious of $39.40 (according to Coinmarketcap)

Apecoin (APE), the token astatine the halfway of the Otherside Metaverse of the Bored Ape Yacht Club NFT project, is hitting caller milestones little than 2 months aft its launch.

According to the squad astatine WuBlockchain, the fashionable crypto speech of Binance has suspended the lending relation of Apecoin (APE) owed to excess demand. The magnitude near connected Binance is presently insufficient to fulfill the request for Apecoin by its users.

Additionally, immoderate traders person observed that withdrawals of Apecoin are presently not disposable connected Binance, arsenic seen successful the pursuing screenshot.

Apecoin withdrawals are allegedly not disposable connected Binance. Source, Twitter.com

Apecoin is the Third-Highest Liquidated Asset and the 4th traded successful the Last 24 hours

Furthermore, according to Coinglass.com, Apecoin (APE) is the third-highest liquidated integer plus successful the past 24-hours aft Ethereum and Bitcoin. At the clip of writing, a full of 1.9 cardinal APE has been liquidated successful the past day, worthy astir $42.16 million. Bitcoin, worthy $78.67 million, and Ethereum, worthy $52.88 million, person besides been liquidated successful the aforesaid period.

Crypto liquidations successful the past 24-hours. Source, Coinglass.com

At the aforesaid time, according to Coinmarketcap, Apecoin’s 24-hour commercialized measurement present ranks 4th aft Tether, Bitcoin, and Ethereum. Roughly $7.418 cardinal worthy of Apecoin has been traded successful the past time compared to Tether’s $75.75 billion, Bitcoin’s $35.616 billion, and Ethereum’s $19.189 billion.

Apecoin ranked 4th successful 24-hour commercialized volume. Source, Coinmarketcap.com

Apecoin Could Soon Eclipse its All-time High of $39.40 Set connected March 17th

At the clip of writing, Apecoin is trading astatine $22.23 and up astir 10% successful the past 24-hours. The knee-jerk absorption of Apecoin’s terms is attributed to the motorboat of the Bored Ape Yacht Club Metaverse of Otherside scheduled for tomorrow, April 30th. APE volition beryllium utilized to mint onshore connected the Otherside Metaverse erstwhile launched.

Also, we’ve heard from the assemblage that we should allot much clip for users to acceptable pre-approval for ApeCoin. So starting astatine 9am ET connected 4/30, users volition beryllium capable to bash this. The existent merchantability volition not statesman until 9pm ET, a afloat 12 hours later.

— OthersideMeta (@OthersideMeta) April 29, 2022

Apecoin’s all-time high, according to Coinmarketcap, stands astatine $39.40. This worth could beryllium matched oregon eclipsed erstwhile Apecoin starts being utilized successful the Otherside Metaverse ecosystem opening tomorrow.