In the past two days, the gaming industry has seen a long-awaited recovery, and the long-awaited sector rotation effect has finally shown signs of emerging.
What attracted the most attention from the market was undoubtedly the surge in the price of $APE, which doubled in a short period of time. It seemed to be driven by the entire gaming sector, but after a careful look at social media, it was discovered that the meme hotspots that were hyping goats and geese yesterday have switched to Apechain today.
Thatâs right, Apechain has also decided to join the Meme Pump ranks.
Apechain enters the Meme market
At 4:30 am on October 20 (UTC+8), Apechain launched its first Meme Pump application, Ape Express, and Apecoin officials followed closely and actively interacted. This wave of operations directly detonated the BAYC community. After a long bear market and half a bull market, BAYC OGs finally had a window to release their Meme-rich emotions. Only one hour after going online, Ape Express's transaction volume exceeded one million US dollars, and within 12 hours it reached an astonishing figure of 25 million US dollars.
Ape Express Hot Token Review
According to market capitalization ranking, several popular tokens have emerged in the Apecoin ecosystem in recent days.
BORED ($BORED) - OG name + icon
24H trading volume: $2.4 million
Current market value: $17.58 million
Highest market value: $23.24 million
Curtis ($CURTIS) â Founder of BAYC
24H trading volume: $12.3 million
Current market value: $10.87 million
Highest market value: $28.97 million
Crypto Is Fun ($CIF) - The First Meme Token on Apechain
24H trading volume: $4 million
Current market value: $2.34 million
Peak market value: $8.5 million
APEïŒ$APEïŒ
24H trading volume: $1.8 million
Current market value: $1.24 million
Peak market value: $6.1 million
Don't rush to play, be careful when fishing
On one hand, the price of Apecoin is skyrocketing, and on the other hand, new coins are coming online. The restless players are eager to go all in immediately. However, where there is money, there are scammers. The emergence of Apechain not only attracted players, but also fishermen. Less than an hour after Ape Express went online, Pop Punk, the co-founder of the Web3 security platform g8keep, revealed that he was phished on ApeChain and lost $110,000.
Even senior security experts can fall for scams when their emotions get the better of them, which shows how rampant on-chain fraud is.
How to participate in Ape Express safely?
Add Apechain Network
First transfer Apecoin to the ETH mainnet wallet and add Apechain at the same time:
Network Name: ApeChain
Network address: https://apechain.calderachain.xyz/
Chain IDïŒ33139
Currency symbol: APE
Use the official cross-chain bridge
Transfer Apecoin from the ETH mainnet to Apechain through the official cross-chain bridge. Each step needs to be carefully verified, including wallet connection and signature approval. For unfamiliar operations, it is recommended to try a small amount first.
Official cross-chain bridge: https://apechain.com/portal
Trading Experience
Enter Ape Express and select the token to trade. For example, $CURTIS, which has the highest market value at present, is a good example.
Meme: A lifeline for reviving old projects?
As of press time, Apecoin has risen by more than 100% today, and has driven the rise of some game sector currencies. At the same time, it was rumored that dYdX will also launch the Meme Pump application. Once the news spread, $DYDX quickly rose by 30%. It can be seen that the market is currently paying for old projects to enter the Meme. Similar to the inscription craze in the fourth quarter of last year and the TRON Pump this summer, Meme has once again become the first choice for old projects to regain attention.
Apechain has made a good first step in entering the market through Meme, but whether it can continue in the future remains to be seen.
