ApeCoin Price Jumps as APE Emerges Among Most-Purchased Coins for Whales

According to WhaleStats on-chain data platform, ApeCoin has entered the top 10 list of most purchased assets among the largest whales on Ethereum over the past 24 hours, along with Shiba Inu coin.

APE, SHIB surge to top 10 list

In a recently published tweet, WhaleStats revealed that aside from APE, there are other popular crypto assets among the top-purchased ones: SHIB, UNI, MANA, BAT, ENJ, etc.

Aside from that, APE and SHIB are also on the list of the top 10 list of most sold coins and, as a result, coins with the highest trading volume.

Nearly half of the coins on this list have been taken by USD-backed stablecoins — USDC, USDT and their derivatives.

As APE managed to get on that list, its price soared by over 5% in the past 24 hours.

JUST IN: $APE @apecoin now on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs 🐳

We’ve also got $UNI, $MANA, $SHIB, $ENJ & $BAT on the list 👀

Whale leaderboard: https://t.co/N5qqsCAH8j#APE #whalestats #babywhale #BBW pic.twitter.com/It4CURXeh9

— WhaleStats (tracking crypto whales) (@WhaleStats) December 22, 2022

Whales add 24 billion SHIB to their balance

Over the past 24 hours, the 100 largest whales on Ethereum have purchased roughly $200,000 worth of Shiba Inu meme coins. This is the equivalent of 24,038,461,538 SHIB.

Now, these wallets are holding a total of $48,262,363 in this canine token.

APE launched staking recently

Earlier this month, ApeCoin launched its much-anticipated staking program. As of Dec. 12, more than 57.5 million APE were staked within it worth $247 million in fiat. That was a driver that pushed the price of APE up 53%.

At the time of this writing, ApeCoin is changing hands at $3.65 per token, per data shared by CoinMarketCap.