2024

Spot

ApeCoin

Coin

<ul class="wp-block-list news-points">
 <li><strong>ApeCoin (APE) whales have sold off millions of tokens following the ApeChain launch, contributing to a price correction.</strong></li>
 <li><strong>Large APE transfers to Wintermute Trading OTC and OKX suggest a potential shift in market sentiment.</strong></li>
 <li><strong>Despite the recent hype around ApeChain, ApeCoin’s price has declined, and technical indicators hint at a possible consolidation phase.</strong></li>
</ul>
<p>ApeCoin is on the move across multiple wallets, suggesting a sell-off that may be driving the recent price correction.</p>
<p>A dormant wallet associated with ApeCoin transferred 4.58 million APE ($5.22 million) to Wintermute Trading OTC, marking one of several notable outflows following the ApeChain launch four days ago.&nbsp;</p>
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   <p lang="en" dir="ltr">A dormant wallet tied to <a href="https://twitter.com/apecoin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ApeCoin</a> transferred 4.58M <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$APE</a> ($5.22M) to Wintermute Trading OTC 3 hours ago!<br><br>Following a 143% price surge after the <a href="https://twitter.com/hashtag/ApeChain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ApeChain</a> launch 4 days ago, 3 wallets that received <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$APE</a> from the ApeCoin distributor in 2022 moved 12.47M <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$APE</a> ($17.54M) to… <a href="https://t.co/pKuOMnhW9j" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/pKuOMnhW9j</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1849278730822402071?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 24, 2024</a>
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<p>The price jumped after the ApeChain launch, leading to high-value transactions involving three major wallets that first received APE from the ApeCo…</p>
<p>The post <a href="https://coinedition.com/apecoin-sell-off-follows-apechain-launch-triggering-price-correction/" rel="noopener noreferrer nofollow">ApeCoin Sell-Off Follows ApeChain Launch, Triggering Price Correction</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

ApeCoin Sell-Off Follows ApeChain Launch, Triggering Price Correction

Coin Edition

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