ApeCoin (APE) Becomes Third Most-Purchased Crypto

After Ethereum (ETH) and USDC, ApeCoin has surpassed Tether (USDT) and Loopring (LRC) as the third most purchased cryptocurrency among the top-100 Ethereum wallet addresses. The ApeCoin ecosystem’s original asset is APE. On March 17, 2022, APE hit an all-time high of $39.40, thanks to FOMO and a recovering crypto market. ApeCoin #APE Becomes Third Most-Purchased Crypto by Top-100 Ethereum Wallets pic.twitter.com/Sa3iQrc4BM — 🥞Freedom🥞 (@Crypto4bailout) May 10, 2022 The debut of the Otherside metaverse boosted APE’s daily trading volume to an average of $2.07 billion in May. This indicates a steady level of investor interest in the coin. APE has become the third most purchased digital asset, according to Be[In]Crypto study, with an average purchase price of $157,609 and an average quantity of 12,721 APE. Tether (USDT), Chiliz (CHZ), Fantom (FTM), Yearn Finance (YFI), and Loopring (LRC) are among the most acquired cryptocurrencies by the top-100 wallet addresses, in addition to APE. The environment created by Yuga Labs around the Bored Ape Yacht Club NFT collection supports APE. BAYC is the third-largest digital collectible by sales volume at publication. The popularity of BAYC and the usage of ApeCoin as a criterion for receiving free airdropped land deeds during the Otherside metaverse launch have led to the cryptocurrency’s rising demand. Latest on ApeCoin The APE ecosystem includes the Bored Ape Yacht Club and the Mutant A...