ApeCoin is adding over 1,700 new holders on average daily

6 months ago
2 mins read

Since its launch, ApeCoin (APE), the cryptocurrency of the popular non-fungible token (NFT) collection the Bored Ape Yacht Club, has been making steady gains in the number of unique addresses holding it on the network. 

The new crypto sensation has been adding just more than 1,700 new holders on average per day since its launch on March 17 and has surpassed the milestone of 40,000 holders by press time, according to CoinMarketCap data acquired by Finbold on March 29.

In particular, on March 17 the number of holders stood at 19,909, while as of March 29 the total number of unique addresses holding the asset stands at 42,981, an increase of over 23,000 since the first day.

Total number of ApeCoin holders. Source: CoinMarketCap

A week ago, ApeCoin broke another record, when it became the most-traded digital asset among the top 1,000 Ethereum (ETH) wallets over the 24-hour period. Interestingly, APE was still the most-traded digital asset among the top 1,000 ETH wallets at the time of publication, as per WhaleStats data.

Earlier this month, Finbold had also reported on the Bored Ape Yacht Club NFT collection finding its place among the top NFT collections by Google search, with an average of a whopping 59,000 monthly queries.

ApeCoin price analysis

Finbold had also noted the remarkable 70% growth of APE in the first 24 hours since its launch, demonstrating the significant interest within the cryptocurrency market around this new token. After the temporary spike to $17.75, the price of ApeCoin dropped off, consolidating below the $16 mark.

Currently, ApeCoin trades at $14.43, down 5.62% in the last 24 hours and climbing 33.61% from seven days before, when its price was $10.8.

ApeCoin seven-day price chart. Source: CoinMarketCap

Presently, the market capitalization of the popular cryptocurrency stands at $3.98 billion, placing ApeCoin in 44th place among the top 100 cryptocurrencies according to this indicator.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Ana Nicenko

Ana Nicenko has a plethora of knowledge and experience as a journalist covering the cryptocurrency and blockchain industries, having written for a variety of projects and organizations. Additionally, Ana has a master's degree in English Language and Literature. At Finbold, she reports news on the digital assets sector.