{"id":568885,"date":"2022-03-17T22:48:19","date_gmt":"2022-03-17T19:48:19","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=568885"},"modified":"2022-03-18T02:35:23","modified_gmt":"2022-03-17T23:35:23","slug":"baycs-apecoin-ape-plummets-by-83-on-the-first-day-of-trading","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/baycs-apecoin-ape-plummets-by-83-on-the-first-day-of-trading\/","title":{"rendered":"ApeCoin (APE) Plummets by 83% on the First Day of Trading"},"content":{"rendered":"
Quick take:<\/p>\n
The highly anticipated ApeCoin (APE)<\/a> token linked to the Bored Ape Yacht Club project of NFTs has seen an exciting first day of trading.<\/p>\n According to Coinmarketcap<\/a>, ApeCoin (APE)<\/a> hit an all-time high of $39.40 on its first day of trading. The token would then experience a massive drop in value of 83.55% to a local low of $6.48 before stabilizing at current levels above $7.<\/p>\n The volatility surrounding the ApeCoin (APE) token also resulted in a steep drop in the floor price of Bored Ape Yacht Club<\/a> NFTs from 106 Ethereum (ETH) to a local low of 77.5 ETH. The floor price of BAYC NFTs has since stabilized at 88 ETH.<\/p>\n