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ApeCoin Investors Brace For Price Volatility Ahead Of 4% Supply Release

ApeCoin, a decentralized cryptocurrency that operates on the Ethereum blockchain, recently announced a 1-month linear unlock of 4% of its total token supply.

The unlock event could cause significant price volatility for the token, as some investors may sell them in anticipation of a price drop. This could lead to a sharp decline in the coin’s value.

According to on-chain research firm Unlocks Calendar, smart money wallets have reduced their allocation balance in the cryptocurrency since their launch. However, in the last 7 days, there have been transactions where these wallets have increased their allocation balance, breaking the previous trend.

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