ApeCoin, Will This Cause APE Tokens Price To Drop?

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3 years ago
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https://www.coindesk.com/markets/2022/09/16/apecoins-ape-could-see-selling-pressure-ahead-of-major-token-unlock/

ApeCoins price could see some selling pressure. With about 25 million APE tokens to be released to contributors of ApeCoin. This is around 8% of the total supply of APE token. With such a large amount and an already declining price, APE token could see it's price drop even further. But wait, there's good news! ApeCoin has plans to implement staking with their APE tokens. This will no doubt have a positive impact after such a decline in price. Giving the APE token even more utility with passive income.
#apecoin #apetoken #apecoinstaking

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