A Twitter phenomenon has spent millions participating in the staking program of an altcoin project that started in December. Staking launch has been supported by a wide investor base so far.
Twitter phenomenon locked $3.9 million in this altcoin project
Blockchain analytics firm Lookonchain has found that crypto phenom Machi Big Brother has withdrawn 597,191 Apecoins (APE) from Binance on December 12. “Machibibbrother” then staked these APE tokens. He then bought 306,668 APEs from Uniswap for an average of $4.44. He spent about 1,087 Ethereum (ETH) for this. In total, it has staked around 903,859 APE. At current prices, that’s about $3.9 million.
According to CoinMarketCap data, the APE price was slightly up during this time. It then lost around 1.7% in value. It is currently trading at $4.30. In addition to strengthening against the dollar, APE also gained against Bitcoin and Ethereum. Daily trading volume also increased by 76.39%, reaching $328 million.
APE’s price is now trading just above the $4,159 resistance level after a positive 3-day rally that pushed it above the 9 and 20 daily EMA lines. Technical indicators suggest that the uptrend for the APE will continue as the 9-day EMA is now positioned above the 20-day EMA and broke above the longer EMA line. The daily RSI is also bullish above the daily RSI SMA line and is trending slightly positive towards the overbought zone.
ApeCoin raised $30 million on the first day of staking launch
One day after the Apecoin team launched their staking pool, over $30 million in tokens flowed into the contract. Holders can stake APE tokens or Bored Ape/Mutant Ape NFTs on ApeStake.io to start earning rewards on December 12. Meanwhile, staking remains restricted in some countries, including the US. The Ape Foundation, the DAO run by a handful of prominent community members, cited regulatory concerns as the reason. Again, cryptocoin.comAs you follow, a large group of investors continues to show interest.
On the technical side, ApeCoin price started its uptrend on November 14, 2022. The 50-day Exponential Moving Average (EMA) has crossed 200 days, essentially creating a Golden cross. This is interpreted as a bullish show for the NFT coin. ApeCoin’s closest resistance right now is at $4.40. It will then head towards its weekly high of $4.50. Current support levels of $4.05 and $3.89 ApeCoin price.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.