APE suffered a drop in new holders after the launch of APE staking in Q4 2022. Krill accounts held 70.5% of APE’s total supply by the end of Q4 2022. A persistent decline in Apecoin’s [APE] value in Q4 2022, aggravated by the unexpected implosion of cryptocurrency exchange FTX, Messari, in a new report, found
![Apecoin [APE] staking might have been its undoing in Q4 2022, new report shows](https://images.cryptocompare.com/news/default/ambcrypto.png "Apecoin [APE] staking might have been its undoing in Q4 2022, new report shows")
