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Market Cap:
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AMB Crypto
2022-03-22 14:30:18

ApeCoin and the story behind becoming ‘most traded’ among Ethereum whales

ApeCoin and the story behind becoming ‘most traded’ among Ethereum whales

Last week, Yuga Labs announced ApeCoin, a token used for future gaming and entertainment applications. Upon its launch, 1 billion ApeCoins were released through an airdrop. Within a day, it had a trading volume of over $9.2 billion, according to CoinMarketCap. Soon after, however, questions surrounding its tokenomics surfaced, providing significant opportunities to bad actors. […]

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