Blockchain Research Company Messari Reports Resilient APE Activity Amid Economic Contraction

On April 7th, blockchain research company Messari released a report stating that in the face of economic contraction, APE activity remains resilient. Indicators such as token circulation speed, new holders, transfer volume, average market value, average DEX exchange size, and average independent voting all increased month on month. Compared to the previous quarter, APE’s fully diluted valuation (FDV) increased by 20.6% in the first quarter of 2023. In the first quarter of 2023, over 33.2 million APEs were unlocked to non DAO entities, despite selling pressure, which did not result in any abnormal price fluctuations indicating significant selling of APEs. Yuga ecosystem asset holders and APE holders have claimed over 31.4 million APEs. Despite continued selling pressure, the average price of APE tokens is still 20.6% higher than the previous quarter. The APE pledge was launched in early December 2022, and 31.4 million pieces have been pledged in the first quarter of this year. Etherscan data shows that 250 APE holders account for approximately 97.5% of the maximum APE supply, with at least 102 addresses controlled by the APE Foundation, which controls at least 27% of the Whale Wallets.

Messari: Over 33.2 million APEs were unlocked to non DAO entities in the first quarter of 2023, without any abnormal price fluctuations

Blockchain research company Messari recently released a report indicating that APE activity remains resilient despite economic contraction. The report reveals that various indicators such as token circulation speed, new holders, transfer volume, average market value, average DEX exchange size, and average independent voting have all increased month-on-month. Moreover, the APE’s fully diluted valuation (FDV) increased by 20.6% in the first quarter of 2023 compared to the previous year’s quarter.

A Closer Look at the APE’s Performance

The first quarter of 2023 saw over 33.2 million APEs unlocked to non-DAO entities, which did not result in any abnormal price fluctuations indicating significant selling of APEs. Yuga ecosystem asset holders and APE holders have claimed over 31.4 million APEs. Despite continued selling pressure, the average price of APE tokens is still 20.6% higher than the previous quarter, pointing to the resilience of APE during economic contraction.
The APE pledge was launched in early December 2022, and 31.4 million pieces have been pledged in the first quarter of this year. Etherscan data shows that 250 APE holders account for approximately 97.5% of the maximum APE supply, with at least 102 addresses controlled by the APE Foundation, which controls at least 27% of the Whale Wallets.

The Implications of APE’s Resilient Performance

The continued rise in APE’s indicators despite economic contraction suggests that the cryptocurrency has gained strong and stable traction in the market. According to industry experts, the performance of the APE can be attributed to its decentralized nature and its ability to adjust to changing market conditions. The increasing number of token circulation and independent voting indicates that the community is actively engaged in the APE ecosystem, which continues to attract more investors and asset holders.

Frequently Asked Questions

Q: What is APE, and how is it different from other cryptocurrencies?

A: APE is a blockchain-based cryptocurrency that is designed to be decentralized, with a focus on community-driven development. Unlike other cryptocurrencies, APE is not controlled by any single entity, making it more resilient and resistant to market fluctuations.

Q: How does APE adapt to changing market conditions?

A: APE is built on the Ethereum blockchain, which means that it can be easily customized and updated to respond to changes in the market. Moreover, the APE community is highly involved in the decision-making process and can propose changes if necessary.

Q: How can one invest in APE?

A: APE can be bought and sold on various decentralized exchanges (DEXs), such as Uniswap and PancakeSwap. Interested investors can purchase APE tokens using cryptocurrencies such as Ethereum or Binance Coin.