ApeCoin [APE] Makes Triumphant Return to Top 100 Cryptocurrencies After Soaring 66% in 24 Hours

ApeCoin has seen a dramatic resurgence, doubling in value in just two days. This comes following the highly anticipated mainnet launch.

ApeCoin [APE] price went on a tear last week, soaring over 60% in a single day and making a triumphant return to the top 100 cryptocurrencies.

This surge in APE price sparked excitement among investors, especially after the token saw a 66% price rally.

The surge came on the back of the bridge launch, leaving many wondering how high APE could go in the coming days.

ApeCoin price saw a dramatic resurgence, doubling in value in just two days.

This came following the highly anticipated mainnet launch.

After a challenging 2022 and a staggering 70% drop in 2024 – hitting a new low of $0.48 in August – this news brought interest back to the token, thrusting it back into the spotlight.

In addition to Apechain, the launch of Ape Express, a platform for creating memecoins, saw the launch and attracted over 137,000 unique visitors and generated huge trading volume in just 24 hours.

As ApeCoin price rallied, closing in on its early April price range at $1.80, it seemed the six-month slump had finally paid off, pushing many stakeholders into net profit and rewarding their patience.

To be precise, around 22,000 APE wallets shifted, holding a total of 179 million tokens.

These recent developments not only restored faith among existing holders but also drew in a wave of new investors eager to buy before the FOMO kicked in.

With fresh interest, ApeCoin was set for a lively comeback, and the buzz around it was palpable!

Everyone joined the APE craze

The APE craze spread rapidly, capturing the attention of investors and enthusiasts alike.

After hitting a low in August that saw whale holdings drop to 790 million coins, there was a remarkable turnaround.

In just two months, these holdings increased to an impressive 805 million, reflecting a staggering increase in interest.

The total number of holders also increased significantly, surpassing the impressive 150K milestone.

Overall, the future looks bright, as the buzz around APE attracted new investors and whales while encouraging those in net loss positions to stick around.

However, it’s important to keep an eye on these positions.

If these holders decide to cash out, the rally could face a setback, making a pullback inevitable.

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