Apecoin price up as whale accumulates millions of APE
The post Apecoin price up as whale accumulates millions of APE appeared on BitcoinEthereumNews.com. Apecoin price was up on Tuesday, trading more than 6% up at the time of writing. The price gain comes amid increased APE purchases by a whale since August. APE could break above a key technical hurdle if bullish sentiment continues. The price of Apecoin (APE) was up 6% on Tuesday afternoon as Bitcoin held above $28k following the volatility witnessed in the crypto market on Monday. Despite a slowdown for several altcoins, APE price hovered above $1.12, with buyers looking to extend recent gains to double digits. CoinGecko data showed the cryptocurrency was up nearly 10% in the past week. Whale gobbles up millions of APE After taking advantage of recent dips to buy Apecoin, the latest on-chain data shows a whale has continued to signal bullishness for the token with fresh accumulation. Data from Lookonchain posted on X on Tuesday shows that Machi Big Brother has been relentless over the past two or so months. On-chain data shows the whale has acquired APE coins worth $7.43 million since August 2. In total, the whale’s bullish stance has seen them purchase 4.73 million APE at the average cost of $1.57. His latest purchase was 2.24 million APE worth $2.94 million, with the transaction seeing him spend 1,761 Ether (ETH) valued at $2.89 million and 52,000 USDC. Machi Big Brother(@machibigbrother) has been buying $APE almost every day since Aug 2, with a total of 4.73M $APE ($7.43M, the average cost is $1.57). He spent 1,761 $ETH($2.89M) and 52K $USDC to buy 2.24M $APE($2.94M). And withdrew 2.5M $APE($4.49M) from #Binance. pic.twitter.com/WU6F3TZN97 — Lookonchain (@lookonchain) October 17, 2023 What’s the Apecoin price outlook? Apecoin price appears to have benefited from the whale’s transaction, with APE/USD touching an intraday high of $1.13. The token’s price gain since flipping from the one-week low of…
The post Apecoin price up as whale accumulates millions of APE appeared on BitcoinEthereumNews.com.
Apecoin price was up on Tuesday, trading more than 6% up at the time of writing. The price gain comes amid increased APE purchases by a whale since August. APE could break above a key technical hurdle if bullish sentiment continues. The price of Apecoin (APE) was up 6% on Tuesday afternoon as Bitcoin held above $28k following the volatility witnessed in the crypto market on Monday. Despite a slowdown for several altcoins, APE price hovered above $1.12, with buyers looking to extend recent gains to double digits. CoinGecko data showed the cryptocurrency was up nearly 10% in the past week. Whale gobbles up millions of APE After taking advantage of recent dips to buy Apecoin, the latest on-chain data shows a whale has continued to signal bullishness for the token with fresh accumulation. Data from Lookonchain posted on X on Tuesday shows that Machi Big Brother has been relentless over the past two or so months. On-chain data shows the whale has acquired APE coins worth $7.43 million since August 2. In total, the whale’s bullish stance has seen them purchase 4.73 million APE at the average cost of $1.57. His latest purchase was 2.24 million APE worth $2.94 million, with the transaction seeing him spend 1,761 Ether (ETH) valued at $2.89 million and 52,000 USDC. Machi Big Brother(@machibigbrother) has been buying $APE almost every day since Aug 2, with a total of 4.73M $APE ($7.43M, the average cost is $1.57). He spent 1,761 $ETH($2.89M) and 52K $USDC to buy 2.24M $APE($2.94M). And withdrew 2.5M $APE($4.49M) from #Binance. pic.twitter.com/WU6F3TZN97 — Lookonchain (@lookonchain) October 17, 2023 What’s the Apecoin price outlook? Apecoin price appears to have benefited from the whale’s transaction, with APE/USD touching an intraday high of $1.13. The token’s price gain since flipping from the one-week low of…
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