Yuga Labs drives growth in the Ethereum NFT market. Mutant Ape Yacht Club, BAYC see an increase in NFT volume and sales. According to data provided by Dune Analytics, there was a significant spike in the number of Ethereum [ETH] NFT trades over the last few months. One potential reason for this growth is the […]
profit calculatorIt appeared that whales, or large holders of APE, were showing interest in the token. According to data provided by Santiment, the percentage of APE being held by large addresses increased significantly over the past month.wasn’t able to generate interest from new addresses.
Another alarming factor for Apecoin would be the declining staking rewards being provided to holders. According to data from Dune Analytics, staking rewards for APE declined immensely over the past month. This could impact the interest in ApeCoin from the market.At the time of writing, APE’s price grew by 3.20% in the last 24 hours and was trading at $4.81. It remains to be seen how the success of Yuga Labs’ NFTs will continue to impact the Ethereum NFT market and the state of APE.
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