Author: TechFlow
In the past few days, the gaming sector has collectively rebounded, and the long-awaited sector rotation effect has begun to show some signs.
The most concerning issue in the market recently has been the doubling of the $APE price. At first glance, it seems to have been driven by the overall rise of the gaming sector, but how did it manage to double? A quick check on social media reveals that the Meme hotspots of goats and geese have now shifted to Apechain.
Yes, Apechain has also decided to start a Meme Pump.
Apechain Enters the Meme Market
On October 20th at 4:30 am (UTC+8), Apechain's first Pump application Ape Express announced its launch, with the official Apecoin team actively participating in the interaction. The official's direct involvement in the promotion has also directly ignited the old OGs of the BAYC community, who have endured an entire bear market and half a bull market. In the first hour of its launch, the trading volume of Ape Express exceeded $1 million, and within 12 hours, the trading volume had exceeded $25 million.
Introduction to the Hot Players of Ape Express
We have reviewed several of the currently hottest tokens by market capitalization, all of which are over $1 million, and two of which have even exceeded $10 million.
Note: Meme token prices are highly volatile and carry a high degree of risk. Investors should fully assess the risks and participate cautiously. This article is solely based on market hot spots for information sharing, and the author and platform do not guarantee the completeness and accuracy of the content, nor does it provide any investment advice.
Leader Curtis ($CURTIS) - Founder of BAYC
24H Trading Volume: $12.3 million
Current Market Cap: $24 million
Highest Market Cap: $29 million
BORED ($BORED) - OG in Name and Icon
24H Trading Volume: $2.4 million
Current Market Cap: $15.58 million
Highest Market Cap: $18.5 million
Crypto Is Fun ($CIF) - The First Memecoin on Apechain
24H Trading Volume: $4 million
Current Market Cap: $8.5 million
Highest Market Cap: $3.78 million
APE ($APE)
24H Trading Volume: $1.8 million
Current Market Cap: $3.42 million
Highest Market Cap: $6.1 million
Eager to Participate? Beware of Phishing
On one hand, the Apecoin token is being pumped, and on the other hand, large MC memecoins are emerging on the chain. The already restless players are now even more eager. They can't wait to go all-in after buying Apecoin.
But as the saying goes, "where there's money, there are scammers." Apechain has excited not only the players, but also the phishing experts on the chain, who have immediately seized the new "opportunity": Less than an hour after the launch of Ape Express, Pop Punk (@PopPunkOnChain), the Co-Founder of the Web3 security and transparency platform g8keep, posted that he had been phished and lost $110,000 on ApeChain.
Even industry security experts can be caught off guard by phishers, which shows how rampant the phishing phenomenon is on the chain...
How to Safely Participate in Ape Express?
Add Apechain to Your Wallet, Recognize the Official Cross-Chain Bridge
First, withdraw your Apecoin to an ETH mainnet wallet, and then add the Apechain network to your wallet:
Network Name: ApeChain
Network Address: https://apechain.calderachain.xyz/http
Chain ID: 33139
Currency Symbol: APE
(If you're using the OKX Wallet, you can directly select Apechain)
Use the official cross-chain bridge to transfer your ETH mainnet Apecoin to Apechain. Be sure to carefully verify each step, 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
Experience Ape Express
Go to Ape Express, and directly select the Token to trade. Here's an example using the current highest market cap $CURTIS:
In Summary: Is Meme Once Again the Resurrection Card for Old Projects?
As of the time of writing, Apecoin has already surpassed a 100% increase from midnight today, and has also driven the rise of some gaming sector tokens.
Meanwhile, it is reported that dYdX will also launch a Meme Pump-style application, and the news has caused the dYdX token $DYDX to surge by around 30% in a short period of time. It is clear that the current market is temporarily buying into the old projects' foray into Meme, similar to the Runes hype in Q4 last year and the TRON Pump this summer. Meme has once again become the preferred first step for old projects to revive.
At first glance, Apechain's first move to enter the Meme market seems to be going well. As for whether Apechain's heat will be a fleeting one or a steady stream, we'll keep an eye on it.
