Has ApeCoin really dropped 80% on the first day since its launch?

ApeCoin ($APE) — the governance token of the well-known NFT project Bored Ape Yacht Club (BAYC) was listed yesterday on Mar. 17. The price in the first few minutes were very volatile.

Data shows vast APE price discrepancies ranging from $8 to $214 at centralized exchanges, but how likely is it that holders successfully traded the top half of that range right after the airdrop?

My recently published Cointelegraph article here looks at $APE’s price minutes after the airdrop on Binance, FTX, Gate…

--

--

Specialise in NFT & DeFi analytics & modeling. Crypto and decentralisation enthusiast. You can DM me for questions or discussions on Twitter @elenahoolu

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
elenahoo

Specialise in NFT & DeFi analytics & modeling. Crypto and decentralisation enthusiast. You can DM me for questions or discussions on Twitter @elenahoolu