Blockchain Research Company Messari Releases Resilience Report on Ape Activity in the Face of Economic Contraction

04/07/2023 15:49 • Digital Disruptors • 97 views

On April 7th, blockchain research company Messari released a report stating that in the face of economic contraction, APE activity remains resilient. Indicators such as token circulation speed, new holders, transfer volume, average market value, average DEX exchange size, and average independent voting all increased month on month. Compared to the previous quarter, APE’s fully diluted valuation (FDV) increased by 20.6% in the first quarter of 2023. In the first quarter of 2023, over 33.2 million APEs were unlocked to non DAO entities, despite selling pressure, which did not result in any abnormal price fluctuations indicating significant selling of APEs. Yuga ecosystem asset holders and APE holders have claimed over 31.4 million APEs. Despite continued selling pressure, the average price of APE tokens is still 20.6% higher than the previous quarter. The APE pledge was launched in early December 2022, and 31.4 million pieces have been pledged in the first quarter of this year. Etherscan data shows that 250 APE holders account for approximately 97.5% of the maximum APE supply, with at least 102 addresses controlled by the APE Foundation, which controls at least 27% of the Whale Wallets.

Messari: Over 33.2 million APEs were unlocked to non DAO entities in the first quarter of 2023, without any abnormal price fluctuations

On April 7th, blockchain research company Messari released a report that demonstrated how Ape activity remained resilient despite the adverse effects of an economic contraction. Several indicators, such as token circulation speed, new holders, transfer volume, average market value, average decentralized exchange (DEX) exchange size, and average independent voting, all increased month on month. Compared to the previous quarter, Ape’s fully diluted valuation (FDV) increased by 20.6% in the first quarter of 2023. The report further showed that over 33.2 million Ape tokens were unlocked in the first quarter of 2023, indicating significant selling.

The Impact of Economic Contraction on Ape Activity

The report by Messari revealed that there was considerable growth in Ape activity despite economic contraction. Several metrics such as token circulation speed, new holders, transfer volume, average market value, average DEX exchange size, and average independent voting all increased month on month. The fully diluted valuation (FDV) of Ape tokens increased by 20.6% in the first quarter of 2023, compared to the previous quarter. Despite significant selling, there were no abnormal price fluctuations in the market, indicating that Ape holders had not panicked.

Ape Token Holders Remain Resilient

The report by Messari revealed that 31.4 million Ape tokens had been claimed by Yuga ecosystem asset holders and Ape token holders. Economic pressure had no significant impact on the Ape token’s average price, which was 20.6% higher than the previous quarter. The Ape pledge launched in early December 2022, attracted several users, and saw 31.4 million pieces pledged in the first quarter of this year.

Ape Tokens: Who Controls What?

Etherscan data shows that 250 Ape holders account for approximately 97.5% of the maximum Ape supply. At least 102 addresses are controlled by the Ape Foundation, which itself holds at least 27% of the Whale Wallets. Despite the selling pressure, the price of Ape tokens remained strong. The increased accessibility of Ape tokens contributed to a robust market and a growing user base.

FAQs

Q: What is Ape token?

A: Ape token is an ERC-20 token developed by the Ape Foundation.

Q: Why did Ape token not have any significant price fluctuations despite significant selling pressure?

A: Despite significant selling by Ape token holders, there was no abnormal price fluctuation, indicating that Ape token holders remained resilient.

Q: Who controls the Ape network?

A: Etherscan data shows that 250 Ape token holders account for approximately 97.5% of the maximum Ape token supply. At least 102 addresses are controlled by the Ape Foundation, which itself holds at least 27% of the Whale Wallets.

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