What you need to know as #ApeCoin gears up for another token unlock

According to Token Unlock, the event will see 15.6 million #Ape tokens, worth an estimated $20.28 million, released to the ecosystem. 

Information from the data provider showed that the unlock distribution would include the release of 2.2 million $APE to #yugalabs founders, 278,000 to charity, 7.34 million to the project’s treasury, 4.17 million to Yuga Labs, and a cumulative 1.5 million APE to all launch contributors. 

APE continues to maintain #bullish stance-

At its current value, APE exchanged hands at a price mark last observed on 8 September.

Thanks to the general market growth in the last month, APE’s price rallied by 20% between 2 and 29 October, after which it peaked at $1.4. At $1.36 at the time of writing, APE’s value has since dropped by 3%.

According to readings observed from the token’s price movements on the daily chart, the bullish sentiment that has overwhelmed the market in the last month pushed APE’s Chaikin Money Flow (#CMF ) to a 10-month high.