15 October 2026
ApeCoin Emerges As The Most Traded Token By ETH Whales
In the past 24 hours, the native token to the Bored Ape Yacht Club (BAYC) NFT collection, ApeCoin (APE), has avoided broader losses in the Crypto market. The whale's accumulation is the biggest reason behind the token’s performance.
The token soared 10% over the past 24 hours, hitting a high of around $12.24, while trading volumes surged nearly 300% in a day to over $729 million.
According to Whalestats data, APE was the most traded token by major Ethereum whales over the past 24 hours. It also became the fourth-most purchased token by ETH whales.
The data shows that whales are getting interested in the APE token since its launch last month. Although its launch was volatile, the token has since stabilized to trade within the $10 to $20 range. The recent correction in the market has also hampered the token which is trading down 9.2% over the past seven days.
Additionally, popular music group Bassjackers also gave a shoutout to the APE token by featuring BAYC-themed graphics during a recent concert in Chile.
However, as per the technical indicators, APE was yet to break above a bullish level of $12.6.
APE is all set to become the native token for an upcoming blockchain game and metaverse by Yuga Labs, the creators of BAYC.
The project named “Otherside” will feature NFTs from many collections owned by Yuga, including Mutant and Bored Apes, CryptoPunks, and Meebits.
APE has seen increased trading volumes since its launch due to BAYC’s popularity. Currently, APE ranks in 42nd position among the largest Cryptocurrencies and has a market capitalization of $3 billion.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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