APECOIN (APE) Price, Analysis, Predictions, and Calculator

According to Coinbase International Exchange, the platform will introduce support for ApeCoin perpetual futures on both Coinbase International Exchange and Coinbase Advanced. The APE-PERP market is scheduled to open at or after 9:30 am UTC on October 31, 2024. This addition could attract traders interested in derivatives and ApeCoin, potentially impacting APE's market dynamics.

According to @ai_9684xtpa, Wintermute has transferred $5.86 million worth of APE to Binance in the past four hours. Over the past week, Wintermute has cumulatively moved 8.79 million APE, valued at approximately $11.39 million, to exchanges. This activity correlates with a 61% increase in APE's price over the last seven days. However, following a suspected Apecoin treasury sell-off on October 21, the price has dropped by 34%, from $1.73 to $1.14.

According to EmberCN, the ApeCoin treasury-associated wallet has transferred 5 million APE tokens, valued at $5.8 million, to Wintermute, with 2 million APE ($2.32 million) recently moving to Binance. This activity coincides with a price increase in APE due to Apechain's entry into the meme market. Over the past two days, a total of 13.289 million APE ($18.51 million) has been transferred to Wintermute, suggesting strategic movements in response to market conditions.

According to EmberCN, 7 hours ago, the ApeCoin treasury wallet moved 5 million APE tokens, valued at $7.55 million, to Wintermute and then to Binance. This transfer coincides with a 116% price increase of APE over the last two days, climbing from $0.75 to $1.62, driven by Apechain's expansion into the meme market.

According to Vitalik Buterin, every currency inherently requires permission from an existing holder to be transferred to a new holder. This implies a spectrum of permissioned structures in cryptocurrencies, ranging from highly permissioned systems like Zuvillage to less restricted ones like Apecoin. Traders should consider how these varying levels of permissionedness can impact the liquidity and accessibility of different cryptocurrencies.

According to @ai_9684xtpa, ApeCoin's team appears to have enlisted Wintermute to assist in selling their tokens. Wintermute's OTC address 0xDbe...7B910 received 10 million APE tokens, valued at $6.31 million, from the ApeCoin treasury and its Coinbase address three days ago. Over the past three hours, Wintermute has deposited 7 million of these tokens, worth approximately $3.99 million, into Binance.