ApeCoin, a Crypto Attached to a Famous NFT Club, Falls From Grace

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The Street

By Rob Lenihan The token has just started to be exchanged. ApeCoin, the token linked to the Bored Ape Yacht Club NFT, or non-fungible token, collection, had rough debut on Thursday. The token, which was airdropped to the Bored Ape NFT owners, saw its price tumble from a high of $39.40 to $7.75 at last check, according to CoinMarketCap. ‘A Token for Culture, Gaming, and Commerce'”Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3,” the token’s official Twitter handle proclaimed. ApeCoin is owned and o…

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