Yuga Labs strengthens its NFT infrastructure with Tokenproof’s tech team, aiming to enhance accessibility and utility in the Web3 space.

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A prominent whale recently made headlines by unstaking and depositing 8.99 million $APE tokens, worth approximately $10 million, to OKX. This transaction, completed just an hour ago, appears to mark the end of the whale’s $APE trading activity, which spanned 1.75 years. Unfortunately, the exit was made at an estimated loss of $6.68 million, equivalent to a 10% decline from the initial investment. This isn’t the whale’s first significant move involving $APE. On October 21, they deposited 7.767 million $APE tokens, valued at $11.98 million, to OKX during a massive 140% price pump. These large-scale transactions have made the whale

The post Whale Ends $APE Trading Journey With $6.68M Loss After 1.75 Years appeared first on The Merkle News.

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The value of ApeCoin ($APE) has seen a sharp decline following reports that the project owner may have sold a significant amount of tokens through Wintermute on October 22. As a result, the price of $APE dropped to $1.209, marking a 14.27% decrease in the last 24 hours alone. This sudden downturn has sparked speculation that the project’s owner has indeed offloaded their tokens. BTW: 10 月 22 日 ApeCoin 项目方疑似通过 Wintermute 抛售代币后， $APE 币价也一路下跌，现价 $1.209（近 24 小时下跌 14.27%），看样子大概率是卖掉了 的确大部分行为都在链上有迹可循，只是当时没有发现罢了，回过头一看会一拍脑门：啊哈，原来是这么回事https://t.co/dVcBE6H8Od — Ai 姨 (@ai_9684xtpa) October 23, 2024 In the past four hours, Wintermute has transferred an additional $5.86 million worth

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Apechain mainnet launch and LayerZero’s integration translated to 100% price upside for APE in recent days.

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The ApeCoin project has recently turned to Wintermute for handling significant token transactions, raising eyebrows in the crypto community. Wintermute’s OTC address, 0xDbe…7B910, received 10 million $APE tokens from the ApeCoin Treasury and its Coinbase address three days ago. This transfer, valued at $6.31 million, marks a substantial move in the ApeCoin ecosystem. In the past three hours alone, Wintermute has deposited 7 million $APE tokens onto Binance, which amounts to approximately $3.99 million. This transaction is part of Wintermute’s broader role as a market maker for $APE, aiming to provide liquidity and stability in the trading of these tokens.

The post ApeCoin Project Enlists Wintermute For Major Token Transactions Amid Market Volatility appeared first on The Merkle News.

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An ApeCoin DAO member proposed the renovation of an existing hotel in Bangkok, Thailand, with Bored Ape Yacht Club NFT collection as its theme.

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A member of the ApeCoin DAO is asking for $356,000 to renovate a portion of a hotel in downtown Bangkok with Bored Ape Yacht Club trademarks.

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In an exciting development for the decentralized ApeCoin community, Horizen Labs has stepped in to support the construction of the ApeChain network using Arbitrum technology. This collaboration marks a significant milestone as ApeCoin DAO leverages Arbitrum’s technology stack to bring ApeChain to life. Congratulations to @apecoin DAO on its decision to develop ApeChain utilizing the Arbitrum tech stack! With $APE serving as both the gas and governance token for ApeChain, Arbitrum Orbit’s customizability empowers @ApeCoin DAO with true ownership and control over this… — Offchain Labs (@OffchainLabs) February 15, 2024 Utilizing Arbitrum’s innovative technology, ApeCoin DAO aims to develop ApeChain

The post ApeCoin Community Collaborates With Horizen Labs To Develop ApeChain On Arbitrum appeared first on The Merkle News.

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The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good.

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