Whales Drop ApeCoin (APE) Holdings Amid Recent Price Surge

BE[IN]CRYPTO10-26

ApeCoin price surged 63.86% in a week, but key whale investors remain cautious, reducing their holdings since October 19. Despite a price rise, APE whale wallets holding 1-10 million tokens fell from ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhales Drop ApeCoin (APE) Holdings Amid Recent Price Surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-26 07:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/apecoin-price-whales-drop/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ApeCoin price surged 63.86% in a week, but key whale investors remain cautious, reducing their holdings since October 19.\nDespite a price rise, APE whale wallets holding 1-10 million tokens fell from ...</p>\n\n<a href=\"https://beincrypto.com/apecoin-price-whales-drop/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4108","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://beincrypto.com/apecoin-price-whales-drop/","article_id":"2478094828","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2023/01/bic_apecoin_bearish_1-850x478.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478094828","pubTimestamp":1729899000,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"ApeCoin price surged 63.86% in a week, but key whale investors remain cautious, reducing their holdings since October 19.Despite a price rise, APE whale wallets holding 1-10 million tokens fell from 168 to 158, reflecting uncertainty.Technical indicators show ApeCoin's recent uptrend is weak, with the ADX at 22.91, suggesting a lack of strong momentum.ApeCoin  price has surged 63.86% in the last seven days, but major holders remain skeptical. The number of wallets holding between 1 million and 10 million APE has dropped consistently since October 19.This decline suggests that whales are not yet convinced about the sustainability of this rally. Without their confidence and participation, it may be challenging for APE to maintain its upward momentum.ApeCoin DMI Shows The Current Trend Isn’t That Strong. APE is currently trading above the shorter-term EMA lines, suggesting bullish momentum. However, they are beginning to flatten, which implies potential consolidation after the recent surg","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4108":"电影和娱乐","APE":"AMC Entertainment Preferred"},"translate_title":"由于近期价格飙升，鲸鱼减持ApeCoin(APE)","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APE":1},"content_text":"ApeCoin price surged 63.86% in a week, but key whale investors remain cautious, reducing their holdings since October 19.\nDespite a price rise, APE whale wallets holding 1-10 million tokens fell from 168 to 158, reflecting uncertainty.\nTechnical indicators show ApeCoin's recent uptrend is weak, with the ADX at 22.91, suggesting a lack of strong momentum.\n\nApeCoin (APE) price has surged 63.86% in the last seven days, but major holders remain skeptical. The number of wallets holding between 1 million and 10 million APE has dropped consistently since October 19. \nThis decline suggests that whales are not yet convinced about the sustainability of this rally. Without their confidence and participation, it may be challenging for APE to maintain its upward momentum.\nAPE Whales Are Still Not Convinced\nAPE price has been in the news after Yuga Labs announced the launching of ApeChain. However, whales don’t seem convinced.\nThe number of wallets holding between 1 million and 10 million APE has been consistently dropping since October 19. This indicates a lack of confidence among major holders, even with the recent upward movement in price.\nRead more: ApeCoin (APE) Price Prediction 2024/2025/2030\nWallets holding between 1 million and 10 million APE. Source: Santiment\nTracking whale activity is crucial because they often drive significant market moves. Between October 19 and October 25, the number of APE whales dropped from 168 to 158. \nThis decline suggests that despite APE price recent gains, whales are not yet convinced and are not actively accumulating. Without their participation, sustaining the rally could be challenging, indicating uncertainty in APE’s current price momentum.\nApeCoin DMI Shows The Current Trend Isn’t That Strong\nThe DMI chart for APE shows three important components: the ADX (yellow), the +DI (blue), and the -DI (red). The ADX value is currently at 22.91, indicating a relatively weak trend. \nThe ADX measures the strength of the trend, with values above 25 considered a strong trend. In this case, the ADX suggests that APE’s recent uptrend lacks momentum to be classified as strong.\nAPE DMI. Source: TradingView\nThe +DI (blue) is at 30.51, which is higher than the -DI (red) at 21.10, indicating that buying pressure is currently dominating selling pressure. However, with the ADX below 25, the current upward movement might lack the force needed to continue with significant gains. \nThe interplay between the +DI and -DI suggests a bullish trend, but for APE’s uptrend to be sustained and stronger, the ADX would need to rise above 25, confirming a more decisive trend in the current buying momentum.\nAPE Price Prediction: Can APE Surge More 53% In October?\nAPE is currently trading above the shorter-term EMA lines, suggesting bullish momentum. However, they are beginning to flatten, which implies potential consolidation after the recent surge. This is also reinforced by the recent heavy drop in the shorter EMA line (the red one in the chart). \nRead more: ApeCoin (APE): Everything You Need To Know\nAPE EMA Lines and Support and Resistance. Source: TradingView\nKey resistance levels are marked in blue at $1.47 and $1.82. If APE is able to break the $1.47 resistance, it could test $1.82 next, marking a potential 53% price growth. \nOn the downside, significant support levels are at $1.12 and $0.94, highlighted in red. These support areas provide stability if the price pulls back further, but maintaining support above $1.12 would be vital for holding onto recent gains and avoiding a deeper correction.\nThis will be crucial to keeping APE among the most relevant altcoins in the market, as the coin has repeatedly moved in and out of the top 100 by market cap in recent months.\n\n\n\n\nTop crypto platforms | October 2024\n\n\n\nAlgosOne\nExplore\n                      \n\n\n\n\n\nBYDFi\nNo KYC \n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\nСoinex\nExplore\n                      \n\n\n\n\n\n\n\n\nTop crypto platforms | October 2024\n\n\nAlgosOne\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex\n\n\n\n\n\n\n\n\nСoinex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478094828"}