ApeChain is open, meme coin rush begins: APE price doubles

ApeChain, which was eagerly awaited after the testnet in July, has officially opened. With the opening of the network, the meme coin rush has begun. The APE price has also doubled since yesterday.

The ongoing wait after ApeChain was launched on the testnet in July has come to an end. ApeCoin announced that ApeChain has officially opened.

The statement stated that the bridges are now available and users can transfer their APE, ETH or stablecoins to ApeChain to earn income. It was also announced that the core user incentive program, which is expected to provide users with more earning opportunities, will go live today.

Meme coin rush to ApeChain

With the opening of ApeChain, the meme coin race has begun on the network. While many meme coins were launched from the first minutes, some of them reached a market value of millions of dollars in a short time. A token creation platform called ApeExpress, similar to pump.fun on the Solana network, has also gone live.

CURTIS took the lead among meme coins. CURTIS, which reached a market value of approximately $16 million, was followed by CIF with $5.3 million and DOOKEY with $3.5 million.

APE price increased by 100 percent

The opening of ApeChain had a great impact on the price of ApeCoin (APE). APE increased by almost 100 percent from $0.73 to $1.42 in a matter of hours. The cryptocurrency is trading at $1.40 as of 11:40 Turkish time.

✒️Uzmancoin