ApeCoin (APE) has been making waves in the crypto market, surging 116% in the last two days. This surge follows the launch of the ApeCoin mainnet, which has sparked excitement among investors. Adding to the recent buzz, on-chain analyst EmberCN revealed via Twitter that about seven hours prior, the ApeCoin treasury address transferred 5 million APE, worth $7.55 million, to Wintermute. These funds were subsequently moved to Binance. This substantial movement of APE has garnered attention within the crypto community. Traders and investors are closely monitoring the situation, eager to see how this sizeable transfer will impact the price of APE in the coming days.