Apecoin’s APE token has been dropping in price ahead of a scheduled token unlock to release over 25 million tokens to the market and add to selling pressure.
Whilst the market has been crashing, The Hideaways (HDWY) recently rewarded early investors with 100% gains. The project is still in its early stages, with analysts predicting further gains of at least 400% by November 2022.
Apecoin Tokens Release
When Apecoin launched in March with a speculated 1 billion token supply, the total supply was shared to various sections each with a separate time for release. 62% was for the ecosystem fund, 16% went to Yuga Labs, 14% to independent contributors, and 8% to the Bored Ape Yacht Club (BAYC). The total supply currently is 314 million tokens and the percentage for Yuga Labs and BAYC are scheduled to be unlocked in March 2023 while tokens to be unlocked this weekend are part of the percentage for the independent contributors.
Not much is known about the independent contributors but Delphi Digital, a crypto research firm said in a Friday discussion that it’s not so hard to figure out that these contributors included investors like FTX, Animoca Brands and 16Z” as these firms were massive contributors in the funding round for Yuga Labs and supported the creation of Apecoin ($APE).
Whoever these contributors are, the big question remains, “Will they sell off once tokens are released?” Delphi analysts say “Selling off will lead to a massive sell pressure”.
Apecoin (APE) is currently trading at $4.72, down -6.8% in the past 24 hours. It has significantly lost about -30% of its value in the last month and selling off of these new tokens to be released could see the prices below $2.00. But investors have quickly found another way to secure their investments.
New data shows that the scheduled release has caused traders to sell off and are now investing these funds in a new presale that has proven quite stable and has been confirmed to move a 100% in price value by midnight today.
The Hideaways (HDWY) is the world’s first luxury real estate investment platform that allows you to invest in a fully managed portfolio of luxury properties across the world. The Hideaways (HDWY) is currently on a path to overtaking APE in the global coin ranking.
Best Investment of 2022? Our Pick is The Hideaways ($HDWY)
With a more stabilized ecosystem, The Hideaways (HDWY) has proven to be resilient despite Bitcoin’s (BTC) influence in almost the entire market and the project has rewarded early backers with 100% gains already.. The Hideaways (HDWY) is predicted to surpass Apecoin in the number of investors by the end of 2022
Here are 3 ways you can with with The Hideaways:
- Real yield from real estate rental income
- Staking income to 2x your monthly passive income
- Gold, Platinum and Diamond tiers available from $10k investment offer free holidays, free private jet flights and much more
- Fundamentals of the project are extremely secure – liquidity locked forever, team tokens locked, Solidproof audit passed
For more information about The Hideaways (HDWY), visit:
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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