Memecoins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps?
ApeCoin (APE) Price Index
ApeCoin News
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One community member described the salaries as “insanely out of touch,” while another Twitter user accused those who established the rates of being “disconnected from reality.“
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NFTs were introduced to the world to help solve the illegal use of intellectual property and protect artists — the very thing Yuga Labs has been accused of doing.
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The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good.
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Filed in December, the class-action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors.
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