Fun

While Apecoin Reaches New Price Highs, Data Shows Top 100 APE Holders Control 52% of the Supply

News Feed - 2022-04-24 12:04:49

While Apecoin Reaches New Price Highs, Data Shows Top 100 APE Holders Control 52% of the Supply


During the last two weeks, statistics show the new crypto asset dedicated to the Bored Ape Yacht Club community (BAYC), apecoin (APE), has climbed more than 50% against the U.S. dollar. A few days ago, apecoin tapped an all-time high at $17.30 per unit and the crypto asset is now the 32nd largest in terms of market capitalization among 13,691 other cryptocurrencies. Data also shows out of the 48,570 APE holders, there’s a large concentration of apecoin whales. A Large Concentration of Apecoin Whales


The BAYC-infused apecoin (APE) has been a popular crypto project ever since the coin project was introduced and millions of coins were airdropped to NFT holders. More specifically, the holder’s NFTs derived from the BAYC, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) collections.


According to statistics, the initial airdrop aimed to distribute 150 million APE and to date, 140,725,540 APE has been claimed. Data shows there’s 284,843,750 APE currently in circulation among 48,570 APE holders. Looking at the apecoin (APE) rich list via coincarp.com shows that out of all the APE in circulation, there’s a large concentration of apecoin whales.



For instance, the top ten APE holders custody 9.16% of the 284.84 million APE in circulation, which equates to 26,091,687.5 apecoin. The top 20 holders currently have 14.16% of the APE in circulation under their control which is 40,333,875 APE. Data further shows the top 50 APE holders command 29.16% of the APE in circulation, which equates to 83,060,437.5 apecoin. Moreover, the top 100 APE wallets hold 52.36% of the APE supply today.


The 100 holders represent 0.20% of the 48,570 APE holders today. In fact, the top address holds 30,305,548 APE which is 3.03% of the current supply. The second-largest APE address holds 10,833,332 APE or 1.08% of the apecoin in circulation. 3% of All APE Trades Settled on Binance, 42% of All APE Trades Are Paired With Tether


Presently, APE is only 4% away from surpassing the token’s all-time high and the coin has seen $1.87 billion in 24-hour trading volume. Apecoin has the largest quantity of trade volume on the decentralized exchange (dex) platform Uniswap. In terms of dex platforms, APE is also prominent on Sushiswap, 1inch, and 0x Native, respectively.


Binance is the most active centralized crypto exchange trading APE today as the crypto’s top pair is tether. At the time of writing, USDT represents 42.26% of all APE trades worldwide. Over 3% of all the apecoin (APE) trade volume has been settled on Binance. Meanwhile, because of apecoin’s recent price high, the hashtag #APECOIN is trending on Twitter this weekend. Tags in this story 32nd spot, APE, APE whales, Apecoin, Apecoin whales, Asset Distribution, BAKC, BAYC, Binance, Bored Ape Yacht Club, crypto assets, Distribution, MAYC, NFT Holders, NFTs, top 32, Trading Volume, uniswap


What do you think about the large concentration of apecoin whales? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Devs Send the First Dogecoin Transaction Without Internet via Radio Doge NEWS | 4 hours ago Polygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users NEWS | 7 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBiggest Movers: MATIC Slips on Saturday, RUNE and LUNA Over 5% Lower Next articlePolygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework


Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method

News Feed

A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies
A "Significant Increase": UK Regulator Says 2.6 Million Residents Have Bought CryptocurrenciesThe UK’s top financial regulator has conducted a survey and found a “signif
Savannah Fortis14 hours agoUS considers tightening restrictions on AI chip exportsOfficials in the United States are considering restricting the computing power of chips to lessen the flow of AI chips available in the Ch
Tom Mitchelhill3 hours agoHong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey CapitalHashkey Capital partner of liquids funds and research, Jupiter Zheng, says the crypto sector in Hong Kong is now p
Marvel to Drop Captain America NFT Statues, Fully-Readable Amazing Spider-Man #1 NFTs
Marvel to Drop Captain America NFT Statues, Fully-Readable Amazing Spider-Man #1 NFTs 81 years ago on August 31, 1939, the company Marvel Comics was introduced to the world for the
Bitcoin tips toward $70K, setting a path for TON, STX, MNT and MKR to follow
Rakesh Upadhyay7 hours agoBitcoin tips toward $70K, setting a path for TON, STX, MNT and MKR to followBitcoin attempts to break out of a bullish chart formation, opening the door for TON, STX, MNT, MKR and other altcoins
Savannah Fortis9 hours agoTether treasury receives two $50M USDT lump sums from BitfinexTwo transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart.1
Hal Finney’s Wife Fran Activates Her Husband’s Twitter Account to Protect It From ‘Being Purged’ by Elon Musk
Hal Finney"s Wife Fran Activates Her Husband"s Twitter Account to Protect It From "Being Purged" by Elon Musk Roughly seven days ago the owner of Twitter, Elon Musk, disclosed that
Biggest Movers: DOT, ADA, SHIB Down Under 10%, as WAVES Rallies on Monday
Biggest Movers: DOT, ADA, SHIB Down Under 10%, as WAVES Rallies on Monday Monday’s downturn in crypto markets sent several tokens lower, with cardano, polkadot and shiba inu
Anchorage adds PayPal stablecoin yield to custody platform
Alex O’Donnell5 hours agoAnchorage adds PayPal stablecoin yield to custody platformInstitutional crypto custodians like Coinbase offer competing rewards programs. 407 Total views1 Total sharesListen to article 0:00New
Freedom Protocol Has Become the Project With the Largest Amount of IDO in the Ecology of Binance Smart Chain
Freedom Protocol Has Become the Project With the Largest Amount of IDO in the Ecology of Binance Smart Chain press release PRESS RELEASE. Binance is a curious company. the world
Finder’s Experts Predict Bitcoin to Peak at $29K in 2023, But Forecast a Low of $13K 
Finder’s Experts Predict Bitcoin to Peak at $29K in 2023, But Forecast a Low of $13K  The price of bitcoin is set to rise in 2023, but crypto and fintech experts chosen by the p
Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
Jesse Coghlan5 hours agoGenesis strikes repayment deal with parent firm DCG to end $620M lawsuitDigital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum