APE Price Rises Despite Treasury Wallets Selling the Token

• On-chain activity for APE revealed that ApeCoin Treasury wallets have been selling APE.
• Analysis done by Lookonchain discovered that there are 5 APE Treasury wallets selling APE.
• The price of the token has risen 2.28% over the last 24 hours.

The Twitter user, Lookonchain (@lookonchain), shared some on-chain activity for ApeCoin that shows that the project’s treasury has been selling APE off in small amounts.

The first bit of on-chain activity shared in the multi-threaded tweet is that a wallet linked to ApeCoin Treasury transferred 4.6 million APE today. At current prices, this is around $19.7 million.