CoinVoice has recently learned that, according to on-chain analyst @ai_9684xtpa's monitoring, the ApeCoin project team is suspected of dumping tokens/further market making through Wintermute.

Half an hour ago, the ApeCoin team transferred 3.28 million APE to the Wintermute OTC address, worth 5.13 million USD, and the tokens have since been deposited into Binance.

Wintermute is indeed an APE market maker, and trading has been extremely frequent recently, with APE nearly doubling in the past seven days. [Original link]