ApeCoin (APE) shows record results in the first week of trading, showing a growth of 10 times in the first week of trading.
The BAYC distribution token, having launched over a month ago, has now overtaken Decentraland (MANA) as the largest metaverse token.
ApeCoin is the native token of the Bored Ape Yacht Club Collection, currently valued at $5.45 billion, while Decentraland’s (MANA) market cap is currently $3.5 billion.
To date, ApeCoin has become the 28th largest cryptocurrency by market capitalization, while a 35% drop in MANA last month saw it drop to 37th position.
ApeCoin (APE) is recovering despite the bearish trend in the cryptocurrency market. APE is up 5.5% in the last 24 hours and up 15% in the last week, the third highest gain among the top 100 cryptocurrencies. About 2.3 million tokens were sold, which is equivalent to $41.5 million.
In addition to possibly becoming the native token of the “Otherside” metaverse, the ApeCoin community and the DAO have received an offer to allocate an ecosystem fund and introduce staking.
At the same time, rumors about it as a native token of the Yuga Labs metaverse contributed to the colossal growth of ApeCoin.
According to the latest news, it is known that Ethereum (ETH) whales, in addition to the newcomer Apecoin (APE), are also actively filled with the Shiba Inu coin (SHIB) and two metaverse tokens.
In the last day, 5,028 tokens were bought and sold for a total of $90,167 after the debut announcement of his new Otherside metaverse.
Shiba Inu dog meme altcoin (SHIB) is in the top 10 with 2.4 billion tokens worth $56,218.
Analysts at Whale Stats keep crypto investors up to date with cryptowhales on Twitter:
The fifth largest ETH whale wallet called BlueWhale0073 purchased 219,332,229,787 SHIB tokens for a whopping $5,454,792.
BlueWhale0097, the sixth ranked ETH whale, bought 250,000 APE for $4,410,000.
The 15th-place Bombur whale wallet raised 51,799,991,288 SHIB for $1,178,967.
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