ApeCoin Price Surges 50% in Last 24 Hours Following Recent Airdrop
- ApeCoin DAO, has been founded to oversee the coin and its future development plans.
- Coinbase, FTX, and Gemini have all added APE on their exchanges.
ApeCoin (APE) from Yuga Labs, makers of Bored Ape Yacht Club (BAYC), carried out airdrop yesterday. As a result, owners of the Bored Ape Yacht Club and Mutant Ape Yacht Club collections received 150 million tokens, or 15% of the entire ApeCoin supply, worth over $800 million. In addition, each BAYC member received 10,094 tokens, with a value ranging from $80 000 to $200,000 for each one.
It’s an Ethereum-based token focusing on governance and usability called ApeCoin. As of this writing, CoinMarketCap reports that 28 percent of the entire supply is presently in use. Over the following several years, a large portion of the whole quantity of tokens will vest.
Reward For BAYC NFT Holders
When it comes to the Bored Ape Yacht Club, ApeCoin seems to be a prize for those who own Bored Ape NFT collectable tokens, but Yuga Labs—the firm behind the Bored Apes—says that they didn’t establish it.
As a result, a new decentralized autonomous organization, ApeCoin DAO, has been founded to oversee the coin and its future development plans. For regulatory concerns, it seems that Yuga staff and board members took great care to ensure that their tweets were clear and consistent.
It is presently trading on various cryptocurrency exchanges for individuals who don’t own an NFT token and didn’t help bring the Bored Apes or ApeCoin to reality. Coinbase, FTX, and Gemini have all added APE on their exchanges. According to CoinMarketCap, the ApeCoin price today is $13.74 USD with a 24-hour trading volume of $9,024,398,410 USD. ApeCoin has been up 50.91% in the last 24 hours.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
