The gaming sector has seen a rare rebound in the past two days, and the long-awaited sector rotation effect has finally emerged.
The most attention-grabbing is undoubtedly the skyrocketing price of $APE, which has doubled in a short period of time. It seems to be driven by the overall gaming sector, but a closer look at social media reveals that the Meme hotspot of goats and geese that was being hyped yesterday has now switched to Apechain.
Yes, Apechain has also decided to join the Meme Pump lineup.
Apechain Enters the Meme Market
At 4:30 am (UTC+8) on October 20, Apechain launched its first Meme Pump application - Ape Express, and the official ApeCoin also actively interacted in response. This move directly ignited the BAYC community. After a long bear market and a half-bull market, the OGs of BAYC finally have a window to release their Meme wealth-making emotions. Within just one hour of launch, the trading volume of Ape Express has exceeded $1 million, and within 12 hours, it has reached an astonishing figure of $25 million.
Top Tokens on Ape Express
According to market capitalization ranking, several popular tokens have emerged in the ApeCoin ecosystem in recent days.
BORED ($BORED) - OG Name + Icon
24H Trading Volume: $2.4 million
Current Market Cap: $17.58 million
Highest Market Cap: $23.24 million
Curtis ($CURTIS) - Founder of BAYC
24H Trading Volume: $12.3 million
Current Market Cap: $10.87 million
Highest Market Cap: $28.97 million
Crypto Is Fun ($CIF) - The First Meme Token on Apechain
24H Trading Volume: $4 million
Current Market Cap: $2.34 million
Highest Market Cap: $8.5 million
APE ($APE)
24H Trading Volume: $1.8 million
Current Market Cap: $1.24 million
Highest Market Cap: $6.1 million
Don't Rush to All In, Beware of Phishing
On one hand, the price of ApeCoin is skyrocketing, and on the other hand, new large MC memecoins are being launched on the chain, and the restless players are eager to All In immediately. However, where there is money, there are also scammers. The emergence of Apechain has attracted not only players, but also phishers who have set their sights on this new cake. Less than an hour after the launch of Ape Express, Pop Punk, the co-founder of the Web3 security platform g8keep, revealed that he had been phished on ApeChain and lost $110,000.
Even seasoned security experts can fall victim when emotions run high, which shows the rampant on-chain fraud.
How to Participate in Ape Express Safely?
1. Add the Apechain network
2. First transfer your ApeCoin to your ETH mainnet wallet, and then add Apechain:
· Network Name: ApeChain
· Network Address: https://apechain.calderachain.xyz/
· Chain ID: 33139
· Currency Symbol: APE
3. Use the official cross-chain bridge
Through the official cross-chain bridge, transfer your ETH mainnet ApeCoin to Apechain. Each step requires careful verification, including wallet connection and signature approval. For unfamiliar operations, it is recommended to try a small amount first.
Official Cross-chain Bridge: https://apechain.com/portal
4. Trading Experience
Enter Ape Express and select the token to trade. For example, the current highest market cap $CURTIS is a good choice.
Meme: A Lifeline for Reviving Old Projects?
As of the time of writing, the price of ApeCoin has risen by more than 100% today, and has also driven the rise of some gaming sector tokens. At the same time, it is rumored that dYdX will also launch a Meme Pump application, and once the news spread, $DYDX quickly rose by 30%. It is clear that the market is currently buying into old projects entering the Meme space, similar to the Rune hype in the fourth quarter of last year and the TRON Pump this summer, Meme has once again become the preferred means for old projects to regain attention.
Apechain's first step of entering the market through Meme is not bad, but whether it can be sustained in the future remains to be observed.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Twitter Official Account: https://twitter.com/BlockBeatsAsia
