While Apecoin Reaches New Price Highs, Data Shows Top 100 APE Holders Control 52% of the Supply

During the past 2 weeks, statistic amusement the caller crypto plus dedicated to the Bored Ape Yacht Club assemblage (BAYC), apecoin (APE), has climbed much than 50% against the U.S. dollar. A fewer days ago, apecoin tapped an all-time precocious astatine $17.30 per portion and the crypto plus is present the 32nd largest successful presumption of marketplace capitalization among 13,691 different cryptocurrencies. Data besides shows retired of the 48,570 APE holders, there’s a ample attraction of apecoin whales.

A Large Concentration of Apecoin Whales

The BAYC-infused apecoin (APE) has been a fashionable crypto task ever since the coin task was introduced and millions of coins were airdropped to NFT holders. More specifically, the holder’s NFTs derived from the BAYC, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) collections.

According to statistics, the archetypal airdrop aimed to administer 150 cardinal APE and to date, 140,725,540 APE has been claimed. Data shows there’s 284,843,750 APE presently successful circulation among 48,570 APE holders. Looking astatine the apecoin (APE) affluent list via coincarp.com shows that retired of each the APE successful circulation, there’s a ample attraction of apecoin whales.

For instance, the apical 10 APE holders custody 9.16% of the 284.84 cardinal APE successful circulation, which equates to 26,091,687.5 apecoin. The apical 20 holders presently person 14.16% of the APE successful circulation nether their power which is 40,333,875 APE. Data further shows the apical 50 APE holders bid 29.16% of the APE successful circulation, which equates to 83,060,437.5 apecoin. Moreover, the apical 100 APE wallets clasp 52.36% of the APE proviso today.

The 100 holders correspond 0.20% of the 48,570 APE holders today. In fact, the apical code holds 30,305,548 APE which is 3.03% of the existent supply. The second-largest APE code holds 10,833,332 APE oregon 1.08% of the apecoin successful circulation.

3% of All APE Trades Settled connected Binance, 42% of All APE Trades Are Paired With Tether

Presently, APE is lone 4% distant from surpassing the token’s all-time precocious and the coin has seen $1.87 cardinal successful 24-hour trading volume. Apecoin has the largest quantity of commercialized measurement connected the decentralized speech (dex) level Uniswap. In presumption of dex platforms, APE is besides salient connected Sushiswap, 1inch, and 0x Native, respectively.

Binance is the astir progressive centralized crypto speech trading APE contiguous arsenic the crypto’s apical brace is tether. At the clip of writing, USDT represents 42.26% of each APE trades worldwide. Over 3% of each the apecoin (APE) commercialized measurement has been settled connected Binance. Meanwhile, due to the fact that of apecoin’s caller terms high, the hashtag #APECOIN is trending connected Twitter this weekend.

What bash you deliberation astir the ample attraction of apecoin whales? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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