Shiba

Rally

Arkham

Shiba Inu

ApeCoin

<ul class="wp-block-list">
 <li>ApeCoin has shown significant price increases in the last few days as per CMC data.&nbsp;</li>
 <li>The ApeCoin DAO’s ApeChain went live on October 20.</li>
</ul>
Several memecoins have risen to prominence over the past few weeks. This has led to speculations of a returning memecoin season. The largest memecoin and Elon-Musk endorsed DOGE has shown significant surges in the past weeks. Specifically, ApeCoin has shown significant price surges over the weekend.&nbsp;
The official ApeCoin account has been observed making movements in the past few hours. According to Arkham Intelligence <a href="https://platform.arkhamintelligence.com/explorer/address/0xe642c56256cF83b1C0F4B95A6869b193B7145Ecc" target="_blank" rel="noopener noreferrer nofollow">data</a>, the official account transferred 3.289 million tokens worth $5.13 million to prominent liquidity platform Wintermute two hours ago. Following this, it moved another 1.297 million ApeCoins worth $2.04 million to an anonymous address —“0xEA6.”&nbsp;
Additionally, the Wintermute account has received a total of 8.289 million APE tokens worth approximately $12 million, in the last 5 hours. The liquidity firm has also received APE from several other exchanges including Coinbase, and transferred it to other accounts. Wintermute’s current APE holdings stand at 972.818K.&nbsp;
Moreover, the ApeCoin prices, as aforementioned, have shown significant upward movements over the last two days in particular. On inferring its daily price chart, APE shows an additional 1.73% price increase.&nbsp;
Zooming out, in the past week the token has factored in a 96.28% price breakout. It rallied from a low of $0.76 to a weekly high of $1.74. At the time of writing, the token was trading at $1.51 as per CMC <a href="https://coinmarketcap.com/currencies/apecoin-ape/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
<h3 class="wp-block-heading" id="h-why-did-apecoin-price-experience-a-breakout-nbsp">Why Did ApeCoin Price Experience a Breakout?&nbsp;</h3>
The memecoin which has taken to the spotlight began its rally on 20 October as the ApeCoin DAO announced the launch of its ApeChain. The blockchain is ApeCoin’s Layer 3 mainnet built on the Arbitrum Orbit.&nbsp;
This blockchain has introduced a new feature called the “Automatic Yield Mode”. This doesn’t require APE holders to stake to earn rewards and automatically rewards them. With this announcement, the token has shown a significant rise in price.&nbsp;
Meanwhile, as aforementioned, other tokens such as DOGE and altcoins <a href="https://thenewscrypto.com/has-solana-sol-marked-200-as-the-end-target-of-october/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> and <a href="https://thenewscrypto.com/vitaliks-solutions-for-ethereums-staking-and-block-issues/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> have also progressed from their consolidation phases.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/shiba-inu-analyst-predicts-shib-to-reach-0-00003-level-heres-when/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Analyst Predicts SHIB to Reach $0.00003 Level: Here’s When</a>

ApeCoin Moves Tokens to Prominent Accounts Amid Price Rally

Table of Contents

TheNewsCrypto

Other articles published on Oct 22, 2024

Base Achieves Record ETH Reserves as Coinbase Grows Stronger

Ripple’s $200 Million XRP Move: Speculations Are on the Rise

Avalanche Foundation introduces Visa crypto spending card

Solana-Based Pump.fun Sells 40,000 SOL Worth $6.68M in Latest Transaction: Data

BlackRock’s IBIT Defies Bitcoin ETF Outflow Day With $329 Million in Inflows

Memecoin trading simplified: Tesa joins Cointelegraph Accelerator

Join our free newsletter for daily crypto updates!