- News and analysis
- Apecoin May Survive the $16.7 Million Token Unlock
Apecoin May Survive the $16.7 Million Token Unlock
Apecoin lost 3.2% to $1.06 after cliff token unlock on October 17. The token has successfully survived the “fake” news of first spot Bitcoin-ETF approval too. The token even posted some gains on the news. However, the cliff token unlock of $16.7 million send token prices down to test the $1.00 support level. The unlock released about 4.2% of the tokens offering. The tokens went to the Yuga Labs ecosystem and its founder, charity, treasury, and to the launch contributors. The last ones could be responsible for flooding the market with extra tokens. Despite the expected cliff token unlock the wale with a nickname Machi Big Brother continued to accumulate Apecoins. He bought around $7.4 million tokens in the recent two months. Together with the marketing efforts of Yuga Labs and Apecoin team, this could provide extra support for the token. So, token prices are likely to survive above $1.00 level.
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.