Based on the available data from Lookonchain Apecoin Treasury has been actively selling APE on various exchanges, including Coinbase, Binance, FTX, and KuCoin. We did an analysis of the transaction patterns on address “0xa29d” and found that ApeCoin Treasury has been selling $APE in small increments to several different exchanges.
This is a cause for concern because it suggests that Treasury may be dumping ApeCoin on the market, which could lead to a price crash and potential losses for investors. We believe that Treasury should be transparent about its activities so that investors can make informed decisions about whether to continue supporting $APE or to divest.
If Treasury continues selling off ApeCoin without disclosing its activity, it could have serious negative consequences for investors in the long term. Therefore, we urge Treasury to be more upfront about its activities and take steps to ensure that investors are protected from any price volatility.
In the meantime, we will be keeping a close eye on APE and its Treasury to see how this situation unfolds. Until then, we encourage investors to stay informed and make well-informed decisions about their investment strategies.
A the time of writing Apecoin trades at $4.11. While some investors may be wary of continued dumping by Treasury, there is still a lot of potential for growth in this digital currency. With more transparency and regulatory oversight, Apecoin could become one of the most successful cryptocurrencies in the market.
What does technicals suggest about APE?
On Lookonchain’s technical analysis site, we can see that the price trend for Apecoin is currently down, with several key indicators such as volatility and volume pointing to further price declines soon. Some analysts believe that this suggests that Apecoin may be overvalued and that investors should proceed with caution when considering potential investments in this coin.
The MACD, RSI, and other technical indicators also suggest that there could be more volatility ahead for Apecoin, making it a risky investment choice at this time. However, others argue that the underlying fundamentals of APE are still strong and that it has great potential for growth in the long term.
Otherwise, it might be best to wait for more clarity in the market and reassess your investment strategy at a later time. Whatever you decide, it’s important to do your research and stay informed to make the best choices for your portfolio.
Conclusion
Ultimately, the best way to stay informed and make well-informed investment decisions is to do your research and stay up-to-date on the latest news and trends in the cryptocurrency space. Whether or not you decide to invest in Apecoin, it is crucial to be well-informed and stay on top of market trends so that you can make sound investment decisions that are right for you.
