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 price surge of $APE, which has doubled in a short period of time. It appears 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 20th, Apechain launched its first Meme Pump application - Ape Express, and the Apecoin official also actively interacted shortly after. 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 $25 million.
Ape Express Hot Token Overview
Ranked by market capitalization, several hot tokens have emerged in the Apecoin ecosystem in recent days.
BORED ($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 Apecoin price is surging, 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 Safely Participate in Ape Express?
- Add Apechain Network
- First, transfer your Apecoin to an ETH mainnet wallet, and then add Apechain:
- Network Name: ApeChain
- Network Address: https://apechain.calderachain.xyz/
- Chain ID: 33139
- Currency Symbol: APE
- Use the Official Cross-Chain Bridge
- Through the official cross-chain bridge, transfer the Apecoin on the ETH mainnet to Apechain. Carefully verify each step, including wallet connection and signature approval, and it is recommended to try a small amount first for unfamiliar operations.
- Official Cross-Chain Bridge: https://apechain.com/portal
- Trading Experience
- Enter Ape Express, select the token to trade, such as the current highest market cap $CURTIS, for example.
Meme: A Lifeline for Reviving Old Projects?
As of the time of writing, Apecoin has risen by more than 100% today, and has also driven the rise of some gaming sector tokens. Meanwhile, it is rumored that dYdX will also launch a Meme Pump application, and with this news, $DYDX quickly surged 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 in the summer this year, 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 long run remains to be observed.
