According to the latest data, the data revealed that the ApeCoin (APE) treasury is slowly starting to sell its own reserves.
On-chain data analytics platform Lookonchain provided by data According to ApeCoin treasury assets, there are unhealthy movements. “0xa29dmade at the address on-chain As the analysis shows, At least five wallets belonging to the ApeCoin treasury the address in question coinbase, Binance, Kucoin and to transfer assets to other exchanges a used the vehicle as a bridge.
According to the data APE assets from the treasury 99.8% of on the blockchain after each transaction. transferring to a different wallet and the rest 0.2% of if sent to exchanges for sale.
Total transfers made so far $19.7 million worth More than 4.6 million ApesIt was understood that ‘ was transferred to the stock exchanges. Although the size of the transfer in question seems small compared to the total assets in ApeCoin treasury wallets, these transfers are in a sophisticated way and in an effort to hide The fact that it was made drew the reaction of investors.
APE’s performance in the market also confirms this thesis. Because the sales pressure on the stock markets continues, the project reached the all-time high (ATH) on April 28. from $19.4 It fell 86%. CoinGecko According to the data, at the time of writing the news from $4 is being traded.
