#ape
#ape
![](https://public.bnbstatic.com/static/content/square/images/2e34ea4dc97c436e9071f48b90deeffc.png)
The poor performance of the NFT market plays a substantial role in ApeCoin's decline. The Azuki NFT collection creators recently raised approximately $40 million in their new launch. However, the excitement quickly turned sour when some major investors claimed they had been deceived.