ApeCoin (APE) Analysis

The price of ApeCoin (APE) has surged nearly 100% in the last seven days following the announcement of Apechain and APE’s staking program. Despite this rally, whales are not accumulating more APE, indicating a lack of confidence in the sustainability of this price increase.

ApeCoin (APE), the governance token of the APE ecosystem, has seen its price increase by a staggering  66% in the last 24 hours. During the intra-day trading session on October 19, the price of ApeCoin was $0.75.