{"id":186213,"date":"2023-11-03T00:47:42","date_gmt":"2023-11-02T19:17:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=186213"},"modified":"2023-11-03T00:47:42","modified_gmt":"2023-11-02T19:17:42","slug":"what-you-need-to-know-as-apecoin-gears-up-for-another-token-unlock-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/what-you-need-to-know-as-apecoin-gears-up-for-another-token-unlock-crypto-news\/","title":{"rendered":"What you need to know as ApeCoin gears up for another token unlock &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<br style=\"clear: both;float: none\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400\"><i><span style=\"font-weight: 400\">ApeCoin will conduct the unlocking of 15.6 million APE tokens on 17 November.\u00a0<\/span><\/i><\/li>\n<li style=\"font-weight: 400\"><i><span style=\"font-weight: 400\">The APE market continues its uptrend, despite the slight drawback in price in the past few days.<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Two months after <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/apecoin-bears-gain-ground-as-token-unlock-looms\/\" data-wpel-link=\"internal\">unlocking<\/a> 40.60 million tokens, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/apecoin\" data-wpel-link=\"internal\">ApeCoin<\/a> is scheduled to conduct another token unlock event on 17 November.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\">Realistic or not, here\u2019s\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">APE\u2019s market cap in BTC terms<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">According to <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/token.unlocks.app\/apecoin\" data-wpel-link=\"external\"><span style=\"font-weight: 400\">Token Unlock<\/span><\/a><span style=\"font-weight: 400\">, the event will see 15.6 million APE tokens, worth an estimated $20.28 million, released to the ecosystem.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Information from the data provider showed that the unlock distribution would include the release of 2.2 million APE to Yuga Labs founders, 278,000 to charity, 7.34 million to the project\u2019s treasury, 4.17 million to Yuga Labs, and a cumulative 1.5 million APE to all launch contributors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">APE has a total supply of 1 billion tokens, with 367 million currently circulating. The 15.6 million APE tokens set to be released make up 4.23% of its total supply.\u00a0<\/span><\/p>\n<h4><strong>APE continues to maintain bullish stance<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">At its current value, APE exchanged hands at a price mark last observed on 8 September. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Thanks to the general market growth in the last month, APE\u2019s price rallied by 20% between 2 and 29 October, after which it peaked at $1.4. At $1.36 at the time of writing, APE\u2019s value has since dropped by 3%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to readings observed from the token\u2019s price movements on the daily chart, the bullish sentiment that has overwhelmed the market in the last month pushed APE\u2019s Chaikin Money Flow (CMF) to a 10-month high.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The CMF indicator measures the volume-weighted money flow in and out of a crypto asset. When it grows in conjunction with an asset\u2019s price, it is taken as a bullish signal. This is because the movement suggests increased liquidity inflow, which can aid price growth.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> Conversely, a declining CMF value means capital flight and often precedes a decline in an asset\u2019s value.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of this writing, APE\u2019s CMF was 0.17, having risen by over 240% since 21 October.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Likewise, buying momentum overpowered distribution among spot traders, according to APE\u2019s key momentum indicators. At press time, the token\u2019s Relative Strength Index (RSI) and Money Flow Index (MFI) returned values of 63.19 and 84.34, respectively.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\">Read\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/apecoin-price-prediction\" data-wpel-link=\"internal\">Apecoin [APE] Price Prediction 2023-24<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">Despite the price dip in the past few days, APE\u2019s Awesome Oscillator confirmed the heavy presence of bullish sentiments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Marked mostly by green histogram bars since mid-October, this indicator showed that APE\u2019s short-term moving average is consistently higher than the long-term moving average, suggesting that the market has continued to trend upward in spite of the slight drop in value.\u00a0<\/span><\/p>\n<div id=\"attachment_355408\" style=\"width: 2248px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/APEUSDT_2023-11-02_06-22-59.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-355408\" class=\"wp-image-355408 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/11\/APEUSDT_2023-11-02_06-22-59.png\" alt=\"\" width=\"2238\" height=\"1226\" \/><\/a><\/p>\n<p id=\"caption-attachment-355408\" class=\"wp-caption-text\">Source: APE\/USDT on TradingView<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ApeCoin will conduct the unlocking of 15.6 million APE tokens on 17 November.\u00a0 The APE market continues its uptrend, despite the slight drawback in price in the past few days. Two months after unlocking 40.60 million tokens, ApeCoin is scheduled to conduct another token unlock event on 17 November. Realistic or not, here\u2019s\u00a0APE\u2019s market cap [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":186214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-186213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=186213"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186213\/revisions"}],"predecessor-version":[{"id":186216,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186213\/revisions\/186216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/186214"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=186213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=186213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=186213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}