Why Did ApeCoin Fall? Which Coins Are Whales Leaving APE for?

ApeCoin (APE) experienced a sharp decline yesterday and gave back some of the gains it had made in the last five days. ApeCoin, associated with the Bored Ape Yacht Club created by Yuga Labs, fell 20 percent from its highest level this week to $1.33. Despite this decline, it is still 170 percent higher than the lowest level seen in August.

The drop occurred two days after the eagerly anticipated ApeChain, Yuga Labs' Layer 3 network, was launched on Arbitrum One. ApeChain enables developers to build applications in sectors such as gaming, decentralized finance, and NFT. Additionally, ApeCoin holders can earn returns by staking APE tokens on ApeChain.

The price drop of ApeCoin is attributed to two main reasons. Firstly, investors applied the "sell the news" strategy. Typically, asset prices rise before an important event and some investors sell to take profits after the event. Secondly, concerns about the challenges of increasing competition in ApeChain's Layer 1, 2, and 3 sectors also led to the price drop.

Whales also set sail for new ports, focusing on Pepe Unchained (PEPE), Crypto All-Stars (STARS), and FreeDum Fighters (DUM) projects.

Pepe Unchained 2024's Best Meme Coin Pre-Sale

Pepe Unchained token purchases are increasing day by day, and the project is progressing towards being the best meme coin presale of the year. The aim of the project is to free Pepe from Layer 1 restrictions. In line with this goal, the Pepe Unchained team has developed the first Pepe blockchain. This new blockchain provides investors with secure and low-cost transactions. Additionally, by bridging with Ethereum, it enables transactions to be 100 times faster and allows tracking of all transactions through a special block explorer.

Pepe Unchained offers a great opportunity for those who want to earn passive income. Thanks to the staking platform, investors can earn over 100% APY by staking their coins. In addition, the project will offer investors many features such as decentralized exchange (DEX), development grants, and more.

Whale purchases for Pepe Unchained are also becoming increasingly widespread. Earlier this month, a whale bought approximately 5 million PEPU tokens for about 50 thousand dollars. Last month, several whale purchases, each worth over 50 thousand dollars, also took place.

On Monday, another whale exchanged ETH worth $53,563 for 4.6 million PEPU tokens.

Pepe Unchained has raised more than $21.7 million in funding so far. The project will soon move on to the next presale phase, which will increase the price. Therefore, those who are considering investing in this presale are advised to act before the price rises.

One of the Best Projects for Meme Coin Owners: Crypto All-Stars

Crypto All-Stars token buyers are offered a new way to earn for meme coin holders. Crypto All-Stars has garnered great interest by raising over $2.6 million in presale on this path.

The most remarkable feature of the project, MemeVault, brings together all meme coins, allowing investors to stake these coins and earn STARS tokens in return. However, the way to maximize returns from the project is to stake STARS tokens directly. The staking mechanism, which provides a yield of more than 500% APY through this platform, increases the opportunity for investors to earn passive income.

Investors can earn STARS by staking their meme coins in MemeVault, thus creating an additional source of income from these coins. This system enhances the utility of meme coins and provides investors with a passive income stream. Additionally, early investments in the Crypto All-Stars platform are expected to yield high profits in the project's later stages.

Considering the uncertainties in the meme coin market, projects like Crypto All-Stars are gaining attention by offering new opportunities to investors.

New Favorite Politifi Coin of the US Elections: FreeDum Fighters

FreeDum Fighters (DUM) made a quick entry into the PolitiFi world. The project gained significant attention in the early days of the presale, thanks to $230,000 worth of FreeDum token purchases. With the support of TRUMP and MAGA whales, this project has caught the attention of crypto investors ahead of the upcoming US elections.

FreeDum Fighters tackles American patriotism in a humorous way and offers users the chance to choose between two candidates: Magatron and Kamacop 9000, the mechanical versions of Trump and Harris. On this platform, crypto investors can participate in debates about the candidates, vote, and earn rewards with DUM tokens.

The token price is currently at 0.00005 level, and attractive opportunities are being offered to early investors before the second round of presale. Moreover, FreeDum Fighters, which allows you to earn rewards up to 500% APY by staking, promises investors very appealing opportunities before the election.

This humorous but profitable project is signaling that interest will increase even more until election day.

Disclaimer: This is a sponsored content and a press release and does not reflect the opinions of the Kriptokoin.com *team. High loss risk should always be taken into consideration in leveraged trading and cryptocurrency investments, and comprehensive research should be conducted before investing in any platform.

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