Two months after unlocking 40.60 million APE tokens, ApeCoin is scheduled to conduct another token unlock event on 17 November.
On 17 November, metaverse-based project ApeCoin will release 15.6 million APE tokens and distribute the same to the project’s treasury contributors, Yuga Labs and its founders, and to charity.Information from the data provider showed that the unlock distribution would include the release of 2.2 million APE to Yuga Labs founders, 278,000 to charity, 7.34 million to the project’s treasury, 4.17 million to Yuga Labs, and a cumulative 1.5 million APE to all launch contributors.
Thanks to the general market growth in the last month, APE’s price rallied by 20% between 2 and 29 October, after which it peaked at $1.4. At $1.36 at the time of writing, APE’s value has since dropped by 3%. The CMF indicator measures the volume-weighted money flow in and out of a crypto asset. When it grows in conjunction with an asset’s price, it is taken as a bullish signal. This is because the movement suggests increased liquidity inflow, which can aid price growth.