{"id":537175,"date":"2023-06-09T11:25:57","date_gmt":"2023-06-09T11:25:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=537175"},"modified":"2023-06-09T10:25:20","modified_gmt":"2023-06-09T10:25:20","slug":"apecoin-holders-suffer-financial-pain-as-95-endure-negative-returns","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/apecoin-holders-suffer-financial-pain-as-95-endure-negative-returns\/","title":{"rendered":"ApeCoin Holders Suffer Financial Pain As 95% Endure Negative Returns"},"content":{"rendered":"<p><span style=\"font-weight: 400\">ApeCoin (APE), created by Yuga Labs, once soared to great heights, capturing the attention of investors and enthusiasts alike. However, recent developments have cast a dark cloud over the once-promising digital asset. <\/span><\/p>\n<p><span style=\"font-weight: 400\">With an astonishing 95% of ApeCoin holders finding themselves deep in the red, the future of this innovative cryptocurrency hangs in the balance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Negative sentiment surrounding ApeCoin has become a prominent concern for its community. Once buoyed by optimism and excitement, investors now face frustration as their holdings plummet in value.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This loss of confidence not only undermines ApeCoin&#8217;s credibility but also raises questions about its long-term sustainability.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/pepecoin-15-drop-sparks-speculation-will-further-pain-follow\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Pepecoin 15% Drop Sparks Speculation: Will Further Pain Follow?<\/a><\/div>\n<h2><strong>Diminishing Network Growth, Trading Velocity Compound APE&#8217;s Challenges<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Founder of NotLarvaLabs, Pauly, has revealed a troubling statistic: an <\/span><a href=\"https:\/\/twitter.com\/Pauly0x\/status\/99551509\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">alarming 95% of ApeCoin holders<\/span><\/a><span style=\"font-weight: 400\"> are currently grappling with financial losses, painting a bleak picture for the once-promising cryptocurrency.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Looks like <a href=\"https:\/\/twitter.com\/apecoin?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@apecoin<\/a> is already right around it\u2019s all time low price.<\/p>\n<p>Over 95% of the holders are already at a loss.<\/p>\n<p>And the <a href=\"https:\/\/twitter.com\/yugalabs?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@yugalabs<\/a> team, insiders and \u201claunch contributors\u201d are paying themselves 10s of millions of dollars a month in <a href=\"https:\/\/twitter.com\/search?q=%24ape&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ape<\/a>.<\/p>\n<p>See here:<a href=\"https:\/\/t.co\/toavf11b8v\" rel=\"nofollow\">https:\/\/t.co\/toavf11b8v<\/a><\/p>\n<p>\u2014 PAULY (@Pauly0x) <a href=\"https:\/\/twitter.com\/Pauly0x\/status\/99551509?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 7, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">ApeCoin&#8217;s price decline can be primarily attributed to the diminishing growth of its network, which has witnessed a noticeable decrease in interest from new addresses over the past three months. This decline in interest reflects a diminishing enthusiasm for APE among potential investors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition to the decline in network growth, ApeCoin&#8217;s trading velocity, which measures the frequency of transactions, has also experienced a significant drop during this period. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This decline in trading activity further exacerbates the challenges faced by ApeCoin, indicating a lack of liquidity and reduced participation in the market.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-537177\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/a-30.png?resize=1129%2C59\" alt=\"\" width=\"1129\" height=\"59\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/a-30.png?w=1129 1129w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/a-30.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/a-30.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/a-30.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/a-30.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p style=\"text-align: center\">Source: Coingecko<\/p>\n<p><span style=\"font-weight: 400\">As per the latest information from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/apecoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, ApeCoin is currently priced at $2.90, with a marginal 24-hour rally of 0.2%. However, the cryptocurrency has undergone a notable decline of 6.6% over the past seven days, underscoring the volatility and uncertainty surrounding its value.<\/span><\/p>\n<h2><strong>Whale Interest Persists Amidst ApeCoin&#8217;s Struggles<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Interestingly, despite the aforementioned challenges, there remains a glimmer of interest in ApeCoin from influential investors known as whales. <\/span><\/p>\n<p><span style=\"font-weight: 400\">These large addresses continue to demonstrate their engagement with APE, as evidenced by the increasing percentage of ApeCoin held by them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This suggests that some prominent investors still perceive potential in the cryptocurrency, although the impact of their involvement on ApeCoin&#8217;s overall trajectory remains uncertain.<\/span><\/p>\n<pre style=\"text-align: center\"><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/7iv5OkZi\/\" width=\"2047\" height=\"979\">Bitcoin halfway from the <\/span>$27K territory. BTCUSD chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h3><strong>MVRV Ratio Declines As APE&#8217;s Price Drops<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">The falling price of APE has had a direct impact on its MVRV (Market Value to Realized Value) ratio, indicating that a considerable <\/span><span style=\"font-weight: 400\">number of APE holders<\/span><span style=\"font-weight: 400\"> lack significant incentives to sell their holdings at the current juncture.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/polkadot-metrics-surge-with-project-launches-good-news-for-dot-price\/\" target=\"_blank\" rel=\"noopener \">Polkadot Metrics Surge With Project Launches \u2013 Good News For DOT Price?<\/a><\/div>\n<p><span style=\"font-weight: 400\">This decline in the MVRV ratio raises concerns about the selling pressure on APE and suggests that many investors are reluctant to part ways with their APE tokens while the price remains low.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the sell-offs by short-term holders could create additional downward pressure on APE&#8217;s price and further exacerbate the challenges faced by the cryptocurrency.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from iStock<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ApeCoin (APE), created by Yuga Labs, once soared to great heights, capturing the attention of investors and enthusiasts alike. However, recent developments have cast a dark cloud over the once-promising digital asset. With an astonishing 95% of ApeCoin holders finding themselves deep in the red, the future of this innovative cryptocurrency hangs in the balance. Negative sentiment surrounding ApeCoin has become a prominent concern for its community. Once buoyed by optimism and excitement, investors now face frustration as their holdings plummet in value.\u00a0 This loss of confidence not only undermines ApeCoin&#8217;s credibility but also raises questions about its long-term sustainability. Related Reading: Pepecoin 15% Drop Sparks Speculation: Will Further Pain Follow? Diminishing Network Growth, Trading Velocity Compound APE&#8217;s Challenges Founder of NotLarvaLabs, Pauly, has revealed a troubling statistic: an alarming 95% of ApeCoin holders are currently grappling with financial losses, painting a bleak picture for the once-promising cryptocurrency.\u00a0 Looks like @apecoin is already right around it\u2019s all time low price. Over 95% of the holders are already at a loss. And the @yugalabs team, insiders and \u201claunch contributors\u201d are paying themselves 10s of millions of dollars a month in $ape. See here:https:\/\/t.co\/toavf11b8v \u2014 PAULY (@Pauly0x) June 7, 2023 ApeCoin&#8217;s price decline can be primarily attributed to the diminishing growth of its network, which has witnessed a noticeable decrease in interest from new addresses over the past three months. This decline in interest reflects a diminishing enthusiasm for APE among potential investors. In addition to the decline in network growth, ApeCoin&#8217;s trading velocity, which measures the frequency of transactions, has also experienced a significant drop during this period. This decline in trading activity further exacerbates the challenges faced by ApeCoin, indicating a lack of liquidity and reduced participation in the market. &nbsp; Source: Coingecko As per the latest information from CoinGecko, ApeCoin is currently priced at $2.90, with a marginal 24-hour rally of 0.2%. However, the cryptocurrency has undergone a notable decline of 6.6% over the past seven days, underscoring the volatility and uncertainty surrounding its value. Whale Interest Persists Amidst ApeCoin&#8217;s Struggles Interestingly, despite the aforementioned challenges, there remains a glimmer of interest in ApeCoin from influential investors known as whales. These large addresses continue to demonstrate their engagement with APE, as evidenced by the increasing percentage of ApeCoin held by them.\u00a0 This suggests that some prominent investors still perceive potential in the cryptocurrency, although the impact of their involvement on ApeCoin&#8217;s overall trajectory remains uncertain. Bitcoin halfway from the $27K territory. BTCUSD chart: TradingView.com MVRV Ratio Declines As APE&#8217;s Price Drops The falling price of APE has had a direct impact on its MVRV (Market Value to Realized Value) ratio, indicating that a considerable number of APE holders lack significant incentives to sell their holdings at the current juncture. Related Reading: Polkadot Metrics Surge With Project Launches \u2013 Good News For DOT Price? This decline in the MVRV ratio raises concerns about the selling pressure on APE and suggests that many investors are reluctant to part ways with their APE tokens while the price remains low. Meanwhile, the sell-offs by short-term holders could create additional downward pressure on APE&#8217;s price and further exacerbate the challenges faced by the cryptocurrency. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) Featured image from iStock<\/p>\n","protected":false},"author":557,"featured_media":537183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[86604,85709,1144,8686,4735,85708],"class_list":["post-537175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ape-price","tag-apecoin","tag-btcusd","tag-ethusd","tag-price-action","tag-yuga-labs"],"acf":[],"yoast_head":"\n<title>ApeCoin Holders Suffer Pain As 95% Endure Negative Returns<\/title>\n<meta name=\"description\" content=\"ApeCoin (APE), created by Yuga Labs, once soared to great heights, capturing the attention of investors and enthusiasts alike. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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