What you need to know as
#ApeCoin gears up for another token unlock
According toย Token Unlock, the event will see 15.6 million
#Ape tokens, worth an estimated $20.28 million, released to the ecosystem.ย
Information from the data provider showed that the unlock distribution would include the release of 2.2 million
$APE to
#yugalabs founders, 278,000 to charity, 7.34 million to the projectโs treasury, 4.17 million to Yuga Labs, and a cumulative 1.5 million APE to all launch contributors.ย
APE continues to maintain
#bullish stance-
At its current value, APE exchanged hands at a price mark last observed on 8 September.
Thanks to the general market growth in the last month, APEโs price rallied by 20% between 2 and 29 October, after which it peaked at $1.4. At $1.36 at the time of writing, APEโs value has since dropped by 3%.
According to readings observed from the tokenโs price movements on the daily chart, the bullish sentiment that has overwhelmed the market in the last month pushed APEโs Chaikin Money Flow (
#CMF ) to a 10-month high.ย