APE holders had a pleasant period since mid-July courtesy of the bullish market conditions. The cryptocurrency achieved a strong upside on 13 July, which was enough to propel it back above its lowest price point in May.
The bullish momentum was strong enough to push well above the 50-day moving average for the first time since the first week of May.APE’s upside will eventually yield some selling pressure as some traders who purchased at the bottom cash out some profits. Addresses holding between 10,000 and one million APE coins reduced their balances significantly from 17 July to the present.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: