Satoshi

bullish

Arkham

ApeCoin

Coin

<ul class="wp-block-list news-points">
 <li>ApeCoin has seen price swings since March, signaling market volatility.&nbsp;&nbsp;</li>
 <li>Wintermute’s large APE movements have raised concerns of potential market manipulation.&nbsp;&nbsp;</li>
 <li>Technical analysis points to a potential breakout, though ApeCoin appears to be overbought.</li>
</ul>
ApeCoin (APE) has experienced price fluctuations, raising concerns about potential market manipulation by crypto trading firm Wintermute. Data from Arkham reveals dramatic changes in APE’s asset balance, adding to the uncertainty.
Arkham’s balance history chart shows that APE’s asset value has fluctuated since March 2024. In early March, the asset balance was around $6 million, rising to around $12 million by early April.
However, this peak was followed by a sharp and steady decline, with the balance falling back to roughly $6 million by the end of May.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="512" height="277" src="https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571.png" alt="" class="wp-image-531570" srcset="https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571.png 512w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-300x162.png 300w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-380x206.png 380w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-127x70.png 127w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-159x86.png 159w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-440x238.png 440w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-414x224.png 414w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-305x165.png 305w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-377x204.png 377w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-123x67.png 123w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-22T140718.571-129x70.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">Source:<a href="https://platform.arkhamintelligence.com/explorer/address/0xe642c56256cF83b1C0F4B95A6869b193B7145Ecc" target="_blank" rel="noopener noreferrer nofollow"> Arkham</a>
 </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-apecoin-price-action-and-volatility">ApeCoin Price Action and Volatility</h2>
Crypto analyst Davie Satoshi weighed in on ApeCoin’s recent price movements. According to Satoshi’s analysis, the launch of APECHAIN and related memecoins contributed to the recent price bump. He identified a “wave 3” bullish pattern with a strong green candle, which indicates short-term pric…
The post <a href="https://coinedition.com/apecoin-ape-price-wintermute-manipulation-or-bullish-breakout/" rel="noopener noreferrer nofollow">ApeCoin (APE) Price: Wintermute Manipulation or Bullish Breakout?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

ApeCoin (APE) Price: Wintermute Manipulation or Bullish Breakout?

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