On October 24, according to EmberCN, the wallet associated with ApeCoin Treasury just continued to move another 5 million APE (about 5.8 million USD) to Wintermute, of which 2 million APE (about 2.32 million USD) was transferred to Binance exchange just 30 minutes later.
The price of APE has surged over the past week, with the associated wallet ApeCoin Treasury making several large sales shortly after. Over the past two days, a total of 13.289 million APE (about $18.51 million) has been transferred to Wintermute. Of these, 10.289 million APE (about $15.03 million) has been sent to Binance.
The large amount of APE pouring into the market has caused the price of APE to drop sharply. Specifically, after this amount of tokens flowed into Binance, the price of APE fell 28%, from $1.62 to $1.16.
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