You see there is a lot of news about token unlock, but they didn't provide us when will its going to unlock, some even said it will be next weeks.
So this is what I found after doing some research, the source will be added on the end of the article.
ApeCoin, used as a utility token for the APE ecosystem. You can use it to purchase new products and services, such as a play-to-earn game being developed by BAYC and nWay. Furthermore, ApeCoin is accepted in Animoca Brands' Benji Bananas game. ApeCoin will also be used to access games, merchandise, events, and services.
There is also ApeCoin $APE airdrop that is an exceptional occurrence involves the distribution of free tokens to NFT holders, New Users and social airdrop participants, as well as users who participated in the points farming campaign. This event serves as a gesture of gratitude and recognition for the unwavering support. But this will be for another story, back to token unlock and the reason why price might be going up.
#ApeCoin have a total supply 1B with around $500M marketcap and price around 0.73.
The token unlock will be held on 17 Oct 2024 at 12 : 00 AM UTC, total unlock will be 2.31% of circlutaling supply, it will be 15.60m APE with price around $12.57m.
Total Progress so far, Total Locked is 270.29 APE 27.03% and Total Unlocked is 729.71m APE 72.97%
You can see the distribution on the pic bellow,
Source : https://token.unlocks.app/apecoin
Write this because I lost a lot in $POPCAT #Write2Earn! Do your magic 😂😭
