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While Apecoin Reaches New Price Highs, Data Shows Top 100 APE Holders Control 52% of the Supply

During the last two weeks, statistics show the new crypto asset dedicated to the Bored Ape Yacht Club community (BAYC), apecoin (APE), has climbed more than 50% against the U.S. dollar. A few days ago, apecoin tapped an all-time high at $17.30 per unit and the crypto asset is now the 32nd largest in terms of market capitalization among 13,691 other cryptocurrencies. Data also shows out of the 48,570 APE holders, there’s a large concentration of apecoin whales.

For instance, the top ten APE holders custody 9.16% of the 284.84 million APE in circulation, which equates to 26,091,687.5 apecoin. The top 20 holders currently have 14.16% of the APE in circulation under their control which is 40,333,875 APE. Data further shows the top 50 APE holders command 29.16% of the APE in circulation, which equates to 83,060,437.5 apecoin. Moreover, the top 100 APE wallets hold 52.36% of the APE supply today.

The 100 holders represent 0.20% of the 48,570 APE holders today. In fact, the top address holds 30,305,548 APE which is 3.03% of the current supply. The second-largest APE address holds 10,833,332 APE or 1.08% of the apecoin in circulation.

Presently, APE is only 4% away from surpassing the token’s all-time high and the coin has seen $1.87 billion in 24-hour trading volume. Apecoin has the largest quantity of trade volume on the decentralized exchange (dex) platform Uniswap. In terms of dex platforms, APE is also prominent on Sushiswap, 1inch, and 0x Native, respectively.

What do you think about the large concentration of apecoin whales? Let us know what you think about this subject in the comments section below.

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