{"id":576338,"date":"2024-02-22T09:30:04","date_gmt":"2024-02-22T09:30:04","guid":{"rendered":"https:\/\/ktsl888.com\/?p=576338"},"modified":"2024-02-22T09:51:01","modified_gmt":"2024-02-22T09:51:01","slug":"apecoin-climbs-to-6-month-high-amidst-whales-strategic-moves","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/apecoin-climbs-to-6-month-high-amidst-whales-strategic-moves\/","title":{"rendered":"Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves"},"content":{"rendered":"
Apecoin (APE) is experiencing a rollercoaster ride in 2024. After plummeting to an all-time low of $1.01 in October 2023, the Bored Ape Yacht Club governance token has experienced a dramatic turnaround, buoyed by strategic whale buying and a recent partnership with the Arbitrum network.<\/p>\n
However, with a 13% pullback in the past two days and lingering profit-taking concerns, questions remain about whether the bulls can defend key support levels and push the price back towards its former glory.<\/p>\n
At the time of writing, APE was flashing green, trading at $1.73,<\/a> which is a 0.6% and 7.5% increase in the 24-hour and weekly timeframes, data from Coingecko shows.<\/p>\n The turning point came on February 16th, when the Apecoin DAO voted to launch ApeChain, a dedicated blockchain, on the Arbitrum network. This partnership, aimed at tackling scalability issues and fostering ecosystem growth, sparked a 21% surge in APE price, pushing it to a six-month high of $1.90.<\/p>\nAPE price action. Source: Coingecko<\/a><\/pre>\n
Riding The Arbitrum Wave<\/strong><\/h2>\n