- Machi Big Brother withdrew 597,191 APE from Binance a few hours ago.
- The price of APE has risen 1.82% over the last 24 hours.
- Daily technical indicators suggest that APE’s bullish move will continue.
A tweet made by the blockchain analysis company, Lookonchain, this morning shows that the crypto influencer, Machi Big Brother (@machibigbrother), withdrew 597,191 Apecoin (APE) from Binance 10 hours ago. The influencer then staked the withdrawn APE tokens according to the tweet.
The tweet then added that he spent approximately 1,087 Ethereum (ETH) to buy 306,668 APE from Uniswap with an average buying price of $4.44. In total, the influencer staked around 903,859 APE. At current prices, this is around $3.9 million.
At press time, the price of APE is trading at $4.31 following a 24-hour increase of 1.82%, according to the crypto market tracking website, CoinMarketCap. In addition to strengthening against the U.S. dollar, APE has also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 3.21% and 4.02% respectively.
The daily trading volume for APE has surged by 76.39% as well, taking the total trade volume for the altcoin to $328,239,640 at press time.
APE’s price is currently trading slightly above the resistance level at $4.159 following a positive 3-day rally that elevated APE’s price above the daily 9 and 20 EMA lines.
Technical indicators suggest that the bullish move for APE will continue as the daily 9 EMA is now positioned above the daily 20 EMA line and is breaking away above the longer EMA line.
The daily RSI also crossed bullishly above the daily RSI SMA line and is sloped slightly positively towards the overbought territory.
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