The meme effect can no longer be ignored and is spreading to other public chains. Those who get the meme get the traffic and the funds.
The most concerned thing in the market since yesterday is that the price of $APE has doubled. At first glance, it seems to be driven by the overall rise of the game sector, but how come it has doubled while rising? After checking social media, I found that the meme hotspot that was still on the goat and goose yesterday has shifted to Apechain today.
That’s right, Apechain has also decided to join the Meme Pump ranks.
Apechain enters the Meme market
The copycat enters the "speed racing" mode!
The MEME trend is blowing towards APE, the next SUI?
Recently, it seems that the meme has blown towards APE. APE officially announced the launch of the Apechain mainnet. Users can migrate their APE assets and NFT assets to the Apechain chain through the official bridge. Affected by this news, the APE token has risen rapidly! It doubled in a single day. Yesterday, as APE broke through $1.7, its market value has reached $1.133 billion, surpassing ONDO and becoming the 74th largest cryptocurrency by market value.
DYDX wants to copy APE's trend?
It is said that the founder of DYDX will return to serve as CEO on October 10. The old official took office with three major actions, first entering the prediction market and then pumping memes on his own public chain. The strategy of pumpfun, which represents the public chain to pull the market and lock liquidity, has formed a conspiracy of volume and liquidity.
There have been a lot of moves recently. The prediction market has just been launched, and dYdX Unlimited will soon launch MegaVault (a permissionless market, reward program and affiliate program). The highlight is dydx's pump platform.
Ape Express Hot Token Review
According to market capitalization ranking, several popular tokens have emerged in the Apecoin ecosystem in recent days.
BORED ($BORED) - OG name + icon
24H trading volume: $2.4 million
Current market value: $17.58 million
Highest market value: $23.24 million
Curtis ($CURTIS) — 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: $8.5 million
APE（$APE）
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
As the price of Apecoin soared and new projects were launched on ApeChain, players were enthusiastic, but this also attracted the attention of scammers. Shortly after Ape Express went online, Pop Punk, co-founder of Web3 security platform g8keep, revealed that he had suffered a phishing attack 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.
PE project owners have been dumping stocks in 2021-2022-2023, and only started to absorb funds in the second quarter of 2024. This kind of project owner is indeed a bitch, but he is also very ruthless in pulling up stocks. Today, the volume has increased, which is considered to be officially launched. I am optimistic about the future market and continue to be bullish.
As to whether Apechain’s popularity is short-lived or long-lasting, we will keep an eye on it.
Since you have read this far, please follow and like before leaving. I am Lao Yu, an old investor who sincerely wishes you to get rich!
