BAYC’s ApeCoin Falls By 80% On First Day Of Trading

Bored Ape Yacht Club NFT collection’s ApeCoin (APE) native token surged to $40 before falling back to $6.4 after its listing on crypto various crypto exchanges. Currently, the ApeCoin price is fluctuating between $10-$20. The fully diluted volume (FDV) has jumped over 10 billion and the market cap is nearly 2 billion.
Blockchain analytics platform Nansen reported that transactions of ApeCoin (APE) resulted in the gas fee of Ethereum to soar higher, with the median soaring to 340gwei at one point.
The first day has not gone very well for APE holders as APE price fall sharply hours after listing. At the time of writing, APE coin was trading at $7.6 with a marketcap of $2.1 Billion.
Coinist Bot developer Luke Martin called APE "the best investment of all time", but did you invest in the project or would you?
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