A high MVRV ratio suggested a potential selling pressure for APE holders. A recent data breach negatively impacted the public sentiment towards APE. Based on Santiment’s data, it was observed that the 1-year MVRV ratio for APE was much higher compared to other altcoins. This simply meant that most ApeCoin addresses holding onto APE would
![Decoding ApeCoin’s [APE] high MVRV ratio and recent data breach](https://images.cryptocompare.com/news/default/ambcrypto.png "Decoding ApeCoin’s [APE] high MVRV ratio and recent data breach")
$285 Million in Bitcoin Shorts Wiped Out
