Whale purchase has made This APE The-Most-Traded Token

The whale had purchased about a quarter of a billion APE, making it the most-traded token on the Ethereum blockchain.

Whales continue to acquire the trending ApeCoin based on Ethereum, according to WhaleStats, an on-chain data tracker that follows the 100 largest wallets on Ethereum, BNB Chain, and other networks.

APE: the most widely traded token

A wallet called “Bonobo” has accumulated a total of 214,996 APE ($3,212,043). The transaction happened about 21 hours ago.

The most-traded ETH-based digital currency for whales on the second-largest blockchain, Ethereum, is APE, according to the main page of the WhaleStats website.

The entire amount of APE held by ETH investors is 2,545,824 valued at $34,966,709, or 0.52 percent of the total.

According to reports, wrapped Bitcoin (WBTC) on the Ethereum chain has also been acquired often in the last 24 hours.

The greatest asset in this wallet is FTX Token, which is placed fifth among the top 100 ETH addresses. FTT accounts for 67.45% of the portfolio.

It also contains popular coins like LINK, WBTC, and USDT, which are dollar-pegged stablecoins.

APE falls by 17%

After the Fed’s historic rate hike (the largest in 22 years), Bitcoin has dropped to $36,400, putting the rest of the crypto market in jeopardy.

By dollar value, SHIB is the most valuable cryptocurrency. Overall, the whales own $953,349,550 in Shiba Inu, which converts to 47,026,282,691,896 SHIB.

According to statistics, APE has dropped 16.30 percent in the last 24 hours.

ApeCoin is currently trading at $13.42, down from $16 on May 5.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing