Animoca Brands Launches ApeCoin Accelerator Program via Forj
- APE community passes AIP-209 proposal to build APE Accelerator.
- ApeCoin DAO’s $APE jumped 7% following the announcement.
- Crypto whales react with large moves, including long positions.
Animoca’s Forj, a community-based learning management system owned and operated by Animoca Brands, shook hands with ApeCoin DAO to open APE Accelerator. The brand-new innovation hub provides valuable information and power-ups for builders.
Notably, ApeCoin’s decentralized autonomous organization (DAO) funded APE Accelerator’s launchpad after the Bored Ape community voted to pass the proposal (AIP-209).
AIP-209 delegated Forj to build the new project incubator, presented to the public in a tweet by Forj’s Harry Liu. The five-second video clip urges developers to check out the new dedicated innovation accelerator website, while Liu highlights three advantages of Ape Accelerator:
- The latest developer tools
- Industry leader expertise
- Launchpad based on $APE
ApeCoin Inks 7% on APE Accelerator Launch
In addition to the 9.33% ricochet from its all-time lows, $APE now effectuates a bullish concentration on-chain signal. This means that crypto whales are on alert again – blockchain smart money tracker LookOnChain spotted a whale cashing out $1.49 million in $APE.
Following the news, ApeCoin gained 4.3% in the last 24 hours, equalling the score in the monthly charts. APE was trading in a descending parallel channel throughout September and October but bounced back from its all-time lows at $1.01, hit on October 10, 2023.
Interestingly, the crypto whale accumulated APE between January and May at an average price of $4.28, buying large chunks from Binance and several decentralized crypto exchanges. Meanwhile, pro-crypto trader BNB Bull declared a long position on $APE after years of shorting the monkey-themed memecoin from its nearly all-time high at $25.
On the Flipside
- The all-time high set at $26.70 was mostly due to the success of the Bored Ape Yacht Club NFT collection.
- The blue-chip NFT collection gathered a vast community of crypto enthusiasts, but the Web3 giant Yuga Labs eventually disassociated with the token, leaving the governance up to ApeCoin DAO’s hands.
Why This Matters
Blockchain accelerator initiatives benefit in improving the capabilities of blockchain technology.
Explore DailyCoin’s trending crypto news:
Binance Suspends Operations in UK Amidst Regulatory Shift
Ferrari Welcomes XRP, SHIB as Payment Methods for Luxury Cars
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve will need emergency QE if Treasury yields sustain surge above 5%
Share link:In this post: The Fed may need emergency QE if 30-year Treasury yields stay above 5%, Deutsche Bank said. Investors are dumping US assets due to Trump’s tariffs and falling trust in the dollar. The Fed hasn’t acted yet, and inflation is still above its 2% target.
Whales Move Over 70 Million XRP in Last Two Weeks
AAVE soars 13% as buyback proposal passes among tokenholders
Troller Cat’s Tail Is Twitching—Something Big’s Brewing in The Upcoming Meme Coin Presale
Meme coins weren’t always taken seriously. They started as internet jokes with little utility and zero roadmaps.Troller Cat Isn’t Playing Around—This Meme Coin Is Armed With StrategyMeme Coin Culture in Latin America Is Roaring—and Troller Cat Fits Right InWhitelist Access: The Smartest Way to Get Ahead of the HerdConclusion: This Is the Meme Coin Presale to Watch—Before the Cat’s Out of the Bag
Trending news
MoreCrypto prices
More
