China News by Thebittimes.Com

Almost every ApeCoin (APE) holder is at a loss, as the token is down 96% from April 2022 peaks. Analysts expect even more draw-down in the coming sessions. According to the data from IntoTheBlock, a blockchain analytics platform, 96% of APE holders , representing over 130k addresses, are in red. The decline isn’t solely in prices but extends to its transactional activity. Active wallets are down 61% in the last week alone. Additionally, the daily transaction count has crashed by 43%. One investor who initially bought 93,700 APE for over $2 million, recently liquidated all holdings at $1.51 per coin, realizing a loss of $1.5 million. APE was a trending token last year. Linked to the Bored Ape Yacht Club (BAYC), a popular non-fungible token (NFT) collection, it became a sensation almost overnight. You might also like: BAYC NFT floor price drops 90% from $600,000 in 18 months After launching in March 2022, APE prices rocketed to $26 by April, surging 220% in a month...

Dogecoin [DOGE] has been making headlines thanks to Elon Musk. This time, however, it might not be for the best reasons. As Musk plans on stepping down as Twitter’s CEO, DOGE’s value started to take a hit. The asset recorded a major drop in its price. Amidst this, it was brought to light that the largest DOGE holder was moving funds. Earlier today, a whopping 3.841 billion DOGE worth $280 million was transferred to the fifth largest Dogecoin holder. It should be noted that DPDLBAe3RGQ2GiPxDzhgjcmpZCZD8cSBgZ is the largest holder of the meme coin. The aforementioned amount of DOGE was sent out in a slew of transactions. These transfers were the largest single-day transfers since the wallet was created. After sending out a major chunk of its holdings, the wallet garnered 94,217,540 DOGE today. Currently, this wallet address has a balance of 34,689,760,474.65 DOGE worth $2,593,865,716.19. Additionally, several speculate that Elon Musk could be behind this wa...