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After Ethereum (ETH) and USDC, ApeCoin has surpassed Tether (USDT) and Loopring (LRC) as the third most purchased cryptocurrency among the top-100 Ethereum wallet addresses.
The ApeCoin ecosystem's original asset is APE. On March 17, 2022, APE hit an all-time high of $39.40, thanks to FOMO and a recovering crypto market.
The debut of the Otherside metaverse boosted APE's daily trading volume to an average of $2.07 billion in May. This indicates a steady level of investor interest in the coin.
APE has become the third most purchased digital asset, according to Be[In]Crypto study, with an average purchase price of $157,609 and an average quantity of 12,721 APE.
Tether (USDT), Chiliz (CHZ), Fantom (FTM), Yearn Finance (YFI), and Loopring (LRC) are among the most acquired cryptocurrencies by the top-100 wallet addresses, in addition to APE.
The environment created by Yuga Labs around the Bored Ape Yacht Club NFT collection supports APE. BAYC is the third-largest digital collectible by sales volume at publication.
The popularity of BAYC and the usage of ApeCoin as a criterion for receiving free airdropped land deeds during the Otherside metaverse launch have led to the cryptocurrency's rising demand.
The APE ecosystem includes the Bored Ape Yacht Club and the Mutant Ape Yacht Club (MAYC) communities. These digital artifacts will be used in an airdrop event to see 150 million APE distributed to NFT holders.
BAYC cardholders can claim up to 10,094 APE, whereas MAYC cardholders can claim 2,042 APE.
Earners of APE from this event have up to 90 days to claim their coins before remitting them to the ApeCoin ecosystem's Fund. The ApeCoin airdrop started in March and will last until June 15, 2022.
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