Nearly 600,000 ApeCoin Tokens Grabbed By Top Ethereum Whales: Details

Tomiwabold Olajide

ApeCoin (APE), a new cryptocurrency token that has sparked a lot of interest, has been launched

Whale Statistics reports that in two separate transactions, 600,000 ApeCoins, or nearly 8.4 million worth, have been bought by two top Ethereum whales in the past few hours. The first trade was made by a whale that ranked 20th, and the second by the 10th largest whale, according to WhaleStats.

Simply defined, a whale is someone who owns a piece of cryptocurrencies or is otherwise a large holder.

The debut of ApeCoin (APE), a new cryptocurrency token that has sparked great interest in the cryptocurrency market, was announced on March 17 by the Bored Ape Yacht Club, a collection of non-fungible tokens (NFTs).

APE peaked at $18.05 (as seen on the Binance exchange) on March 18, before falling slightly to where it currently trades. According to CoinMarketCap statistics, ApeCoin is currently trading at $13.54, down 3% percent in the past 24 hours and 1.253% in the past seven days.

Bored Ape NFTs are in high demand, with each raising several hundred thousand dollars, leading to a spark of interest in ApeCoin. U.Today previously reported that the Universal Music Group, the record label behind megastars like Taylor Swift and Drake, has acquired Bored Ape 5537, one of the non-fungible tokens from the hugely popular Bored Ape Yacht Club NFT collection.

Whales increase their property

A big ETH whale“Gimli”, ranked eighth by WhaleStat’s crypto data platform – which holds 375 billion SHIB tokens or $8,201,153 in Shiba Inu, has been adding other altcoins to its portfolio in the past 24 hours.

Famous for his shopping spree for Shiba Inu late last year, “Gimli” has acquired nearly 300,000 ApeCoins in two separate transactions. The first trade made by the ETH whale was a purchase of 84,090 APE, or $1,178,952 worth of. The second acquisition was worth 216,220 APE, or $2,841,135.

This brings the total amount of ApeCoin purchased by the top ETH whales and reported by WhaleStats in the past 24 hours to nearly 900,000 tokens.

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