On August 8, 2023, LookOnChain (a blockchain analytics platform) reported that three whales deposited 1.85 million ApeCoin ($APE) tokens to crypto exchanges.
According to LookOnChain, two whales withdrew 1.29 million staked ApeCoin ($APE) tokens and deposited them to Binance, while the third whale deposited 560,000 ApeCoin ($APE) tokens to the OKX exchange. Experts say these whales offloaded the tokens in August 2023.
As a result of these market developments, ApeCoin ($APE) recorded a massive price dip in August. On August 12, ApeCoin ($APE) traded at $1.98. Two weeks later, ApeCoin ($APE) lost 29.11%. Data from Coinmarketcap shows that ApeCoin ($APE) hit a new low with this price on August 27.
Due to recent developments, according to analysts, ApeCoin ($APE) will remain bearish for the rest of 2023.
Bitstamp Delists Decentraland ($MANA)
Wu Blockchain (a crypto monitoring platform) recently revealed Bitstamp’s plan to delist Decentraland ($MANA) by August 29, 2023. Bitstamp is one the best cryptocurrency exchanges in the United States, and this announcement is coming after the US SEC classified Decentraland ($MANA) as an unregistered security.
Aside from Decentraland ($MANA), Bitstamp delisted $SOL, $MATIC, $NEAR, and other cryptocurrencies.
Decentraland ($MANA) recorded a minor price surge in the fourth week of August. However, Decentraland ($MANA) is currently ranging thanks to the general crypto market crash this period.
Yet, analysts say Decentraland ($MANA) will surge when the next bull cycle returns.
Borroe ($ROE) Aims to Revolutionize Web3 Fundraising
Borroe ($ROE) is an innovative AI-powered funding marketplace that allows web3 participants creators to generate instant cash by selling future digital earnings. Web3 businesses can mint their future subscriptions, royalties, digital payments, and invoices into trending NFTs and sell them to supportive communities at discounted prices.
Also, buyers can resell these discounted NFTs on secondary markets through a robust P2P system. In addition, BlockAudit recently verified Borroe ($ROE), which means the platform is safe from cyberattacks.
Borroe ($ROE) is currently in its first presale stage, as the token is selling for $0.0125. When Borroe ($ROE) enters its next presale stage, the token will surge 20% and sell for $0.0150. By the time all presale stages conclude, Borroe ($ROE) will hit the mainstream crypto market, sell at $0.0400, and deliver a massive ROI to investors.
Learn more about Borroe ($ROE) here: