Tag: apecoin (ape)

Jun 06 2022

Apecoin Whales Flex Their Muscles, Attempt to Sway Vote in Favor of Moving APE Off Ethereum

Summary: Three ApeCoin whales have voted against the proposal to have APE remain on Ethereum. Late last week, 99% of the ApeCoin votes were for the proposal to keep APE within the Ethereum ecosystem. With the new votes by Apecoin whales against APE staying on Ethereum, the lead has been slashed to 55%, indicating a slight chance that the proposal will conclude with...

Jun 03 2022

ApeCoin Community Initiates Proposal to Have APE Remain on Ethereum, with 99% of Votes For the Idea

Summary: The ApeCoin Community has initiated a proposal to keep APE within the Ethereum ecosystem. 99.95% of the votes are so far for the proposal that ends on June 9th. The proposal under AIP-41 points out that migrating to a different chain is a costly, risky, and complex endeavor that may result in catastrophic loss or abandonment by Yuga Labs. Additionally, Ethereum and...

May 25 2022

Avalanche Submits AIP to ApeCoin DAO to Launch Otherside as a Subnet on its Blockchain

Summary: Avalanche has submitted an Apecoin Improvement Proposal to the Apecoin DAO to migrate the Otherside metaverse as a subnet on its blockchain. The team at Avalanche points out that the AVAX chain has 'rapid transaction processing, higher throughput, greater ability to scale and lower gas fees.' Apecoin subnet will have its own customizable Ethereum Virtual Machine (EVM) execution environment. The proposal has...

May 17 2022

Yuga Labs, Apecoin DAO Reportedly Considering Offers to Migrate APE Off Ethereum and Possibly Onto Avalanche or Flow

Summary: Yuga Labs and the Apecoin DAO board members are reportedly listening to offers on migrating ApeCoin off Ethereum. Avalanche and Flow are allegedly negotiating for Apecoin to migrate to their chains. Neither Yuga Labs nor the Apecoin DAO has confirmed the potential migration to Avalanche or Flow. The Bored Ape Yacht Club Otherdeed NFT mint 'broke' Ethereum on April 30th, causing high...

May 04 2022

Elon Musk Unveils BAYC Avatar Mashup On Twitter and ApeCoin Surges Over 15% Right After

Elon Musk teases Bored Ape Twitter Avi and ApeCoin goes banana's, pumps over 20%.

May 01 2022

Yuga Labs Proposes that Apecoin Build its Own Chain, After Otherside Mint Slows Down the Ethereum Network

Summary: Yuga Labs has proposed that Apecoin build its own chain This is after the Otherside Metaverse mint caused congestion on the Ethereum network The public sale of 55k Otherdeed NFTs was sold out with more than $300 million raised Roughly 64k Ethereum was consumed in transaction fees during the mint Yuga Labs, the creators of the Bored Ape Yacht Club NFT project,...

Apr 30 2022

Apecoin (APE) Continues to Break Records, Funding Rate Hits Lowest Limit of -0.75%, Futures Open Interest hits $677M

Summary: Apecoin (APE) continues to break records in the crypto markets The funding rate of Apecoin perpetual contracts has reached the maximum lower limit of -0.75% Open interest on Apecoin futures contracts has reached $677 million Apecoin is the second-most liquidated asset in the last 24 hours The increased trade volume surrounding Apecoin (APE) is due to the launch of the Otherside Metaverse...

Apr 29 2022

Binance Suspends APE Lending Function Due to Excessive Demand, ApeCoin Daily Trade Volume Now Ranked 4th

Quick take: Binance has suspended the Apecoin (APE) lending function due to excessive demand Apecoin is now the third-highest liquidated coin after Bitcoin and Ethereum The 24-hour trade volume of Apecoin is now fourth after Tether, Bitcoin, and Ethereum Apecoin could very well be on a path toward exceeding its all-time high of $39.40 (according to Coinmarketcap) Apecoin (APE), the token at the...

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