Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
WhaleStats reports that in two separate transactions by two top Ethereum whales, 600,000 ApeCoins, or nearly 8.4 million worth, have been bought in recent hours. The first transaction was undertaken by a whale ranking 20th, and the second by the 10th largest whale, according to WhaleStats.
Simply defined, a whale is someone who owns a chunk of cryptocurrencies or is otherwise a large holder.
? An ETH whale just bought 300,000 $ape ($4,206,000 USD).
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) March 18, 2022
Ranked #10 on WhaleStats: https://t.co/EIH4SaZXdR
Transaction: https://t.co/QH2azAdDAH#APE #ERC20 #DEFI #ETH #whalestats #babywhale #BBW
? An ETH whale just bought 300,000 $ape ($4,206,000 USD).
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) March 18, 2022
Ranked #20 on WhaleStats: https://t.co/ed7FkDM14n
Transaction: https://t.co/8ZIoyG617Y#APE #ERC20 #DEFI #ETH #whalestats #babywhale #BBW
The debut of ApeCoin (APE), a new cryptocurrency token that has attracted great interest on the cryptocurrency market, was announced on March 17 by the Bored Ape Yacht Club, a collection of non-fungible tokens (NFTs).
APE attained highs of $18.05 (as seen on Binance exchange) on March 18, before a slight decline to where it trades presently. According to CoinMarketCap statistics, ApeCoin is currently trading at $13.54, down 3% percent in the last 24 hours and 1,253% in the past seven days.
Bored Ape NFTs are in high demand, with each one fetching several hundred thousand dollars leading to a spark in interest in ApeCoin. U.Today previously reported that the Universal Music Group, the record label behind such megastars as Taylor Swift and Drake, purchased Bored Ape 5537, one of the non-fungible tokens from the immensely popular Bored Ape Yacht Club NFT collection.
Whales are increasing holdings
A large ETH whale, "Gimli," ranked eighth by WhaleStats crypto data platform—who holds 375 billion SHIB tokens or $8,201,153 worth of Shiba Inu, has added other altcoins to his portfolio in the last 24 hours.
"Gimli," famous for his Shiba Inu buying spree late last year, has acquired nearly 300,000 ApeCoins in two separate transactions. The first transaction made by the ETH whale was a purchase of 84,090 APE, or $1,178,952 worth. The second acquisition was 216,220 APE, or $2,841,135 worth.
? ETH whale "Gimli" just bought 84,090 $ape ($1,178,952 USD).
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) March 18, 2022
Ranked #8 on WhaleStats: https://t.co/3bvrsUeq69
Transaction: https://t.co/Q1NHW3gWj7#APE #ERC20 #DEFI #ETH #whalestats #babywhale #BBW
? ETH whale "Gimli" just bought 216,220 $ape ($2,841,135 USD).
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) March 18, 2022
Ranked #9 on WhaleStats: https://t.co/3bvrsUeq69
Transaction: https://t.co/pBPOjyPEdb#APE #ERC20 #DEFI #ETH #whalestats #babywhale #BBW
This brings the total amount of ApeCoin bought by the top ETH whales in the last 24 hours and reported by WhaleStats to nearly 900,000 tokens.
Godfrey Benjamin
Arman Shirinyan
Dan Burgin
U.Today Editorial Team
Vladislav Sopov