Prolific and active cryptocurrency traders have been unloading yugalabs' ApeCoin and filling up on AaveAave's aSTETH, according to data from blockchain analytics firm nansen_ai.
Prolific and active cryptocurrency traders have been unloading Yuga Labs’ ApeCoin and filling up on Aave’s aSTETH, according to data from blockchain analytics firm Nansen.
Over the last 24 hours, $1.28 million worth of APE has flowed out of wallets that Nansen has categorized as belonging to “smart money,” more than any other token tracked by the firm.It is known to belong to an investment fund It has made at least $100,00 by providing liquidity to the decentralized finance protocols, SushiSwap and Uniswap, excluding so-called impermanent loss
It has made multiple profitable trades on a decentralized exchange in a single transaction, through mechanisms such as “flash loans” Typically, outflows are a harbinger of a decrease in asset prices. APE prices dropped as much as 16.8% over the past 24 hours following the public debut of the “Otherside” metaverse project, Yuga Labs’ biggest non-fungible token product launch.Best known for creating the Bored Apes Yacht Club NFT collection, Yuga Labs launched ApeCoin, an ERC-20 governance and utility token used for the ApeCoin decentralized autonomous organization .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Assessing the Jaguars’ draft weekend: smart and efficientHow did the Jaguars do in the draft? Let’s get my draft grade out here first and then talk about why. I’m giving the Jaguars a B. It was darn-near professional. That’s a step forward after what we’ve seen in the recent past.
Read more »
Monday's deals: $5 Amazon Smart Plug, Shark vacuums, pet odor eliminator, AirPods, moreAmazon deals on Monday include deep discounts on smart plugs, Shark vacuums, pet odor eliminator spray, Apple AirPods, and plenty more.
Read more »
Amazon's gargantuan Echo Show 15 smart display is discounted for the first timeJust in time for Mother's Day, Amazon is selling several of its smart displays, jumbo-sized Echo Show 15 included, at substantial discounts.
Read more »
Exploring JavaScript and Smart Contracts with Agoric CEO Dean Tribble | HackerNoonIn this slogging thread, we had Dean Tribble, the CEO of Agoric, with us to participate in the AMA. We discussed JavaScript, smart contracts, and defi.
Read more »
Wyze’s smart thermostat now has room sensorsWyze takes on Ecobee, Nest with new room sensors for its smart thermostat
Read more »