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ApeCoin Up 50% This Week After Creator Raises $450 Million

Published 03/24/2022, 11:30 AM
Updated 03/24/2022, 11:30 AM
ApeCoin Up 50% This Week After Creator Raises $450 Million

    • ApeCoin’s rebound continues today as the firm behind the project raised hundreds of millions of dollars in the latest funding round.
    • ApeCoin is up more than 9% in the last 24 hours and more than 80% in the last 7 days, according to CoinMarketCap.
    • Its recent price surge has pushed APE’s week-to-date profits up by 50%, making it one of the best-performing digital assets since the 21st of March.

ApeCoin’s (APE) rebound continues today as the firm behind the project raised hundreds of millions of dollars in the latest funding round led by Andreessen Horowitz.

APE’s price surged 75% intraday to reach approximately $14.50 per piece. One thing to note is that the token’s upside move came as a part of a retracement rally which started at the beginning of this week when it was trading for as low as $9.50 per coin.

This price surge has pushed APE’s week-to-date profits up by 50%. This makes it one of the best-performing digital assets since the 21st of March this year.

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