The true scope of APE & MANA’s correlation with Bitcoin for investors

With bullish momentum starting to wane across the cryptocurrency market, analysts hold varying views on whether the bear run in June brought in the bottom or not. With the total cryptocurrency market capitalization pegged at $1.064 trillion at the time of writing, a mere 1% growth has been logged by all crypto-assets this week. On […]

Wherever BTC goes, APE & MANA follow

For APE, addresses holding between 10,000 to 10,000,000 APEs held 941.97 million APE tokens, as of this writing. Seven days ago, this stood at 945.09 million – Representing a 0.33% decline in whale APE holdings.After key stakeholder holdings rose to a high of 814.02 million MANA tokens on 1 August, this soon dropped by 0.5%. In fact, the same was pegged at 810.3 million at press time.

Treading a similar path and registering a 41% price uptick in the last 30 days, APE’s 30-day MVRV rose to 10.04%, showing that a sizeable number of holders took profits.

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