Whales Recently Buy 1.6 Million APE Worth About $8.5 Million

• Three whales have bought a total of 1.6 million APE.
• The APE is worth about $8.5 million collectively.
• APE is currently worth about $5.35 after a 5.83% drop in price.

The on-chain analysis platform Lookonchain took to Twitter earlier this morning to share some new data about Apecoin (APE) whales. According to the post, Lookonchain noticed that three whales bought a total of 1.6 million APE, which is worth about $8.5 million, from Binance, and staked it in the past seven days.

0x09BC bought about 750,954 APE, which is worth about $3.8 million, vehicle 0xb0ec boughty 663,681 at about $5.45. The last whales bought 187,890 APE at $5.3, which is worth about $1 million.

The crypto market tracking website CoinMarketCap indicates that APE is currently worth about $5.35 after a 5.83% drop in price over the last 24 hours. It was also able to reach a low of $5.17 and a high of $5.73 over the same time period.

APE also weakened against Bitcoin (BTC) and Ethereum (ETH) by about 2.37% and 4.50% over the last day. Despite APE being in the red at the moment, the altcoin is still up by more than 5% over the last week.

The altcoin’s 24-hour trading volume is in the green zone and currently stands at $166,575,326 after a more than 2% increase since yesterday. With its market cap of $1,968,666,975, APE is currently ranked as the 34th biggest crypto in terms of market capitalization. This places it right behind NEAR Protocol (NEAR) in the 33rd position and in front of Cronos (CRO) which is ranked 35th.

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