Remember the hype around APE coin? Well, looks like that more than 95% of APE holders are at loss, while APE is 94% down from its ATH.

APE was trading at 96% decline from ATH, and it looks like more than 95% of holders are in losses.

At the time of writing this post, APE is down -94% from the ATH price of $26.70 to the current $1.46.

Whale, who bought 93,700 APEs for over $2 million at the time, dumped all APE coins at $1.51 on August 23rd, realizing a loss of $1.5 million.

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https://preview.redd.it/3hna86w3j9lb1.png?737&format=png&auto=webp&s=10a82604e5056ed892c9d7fdf18cbee1c2cc90a0

Also, the number of addresses that included APE transactions fell by 61% in the last week.

The daily count of APE transactions executed fell by 43%

Trading at a 96% decline from its all-time high, data from IntoTheBlock showed that 99% of all APE holders held at a loss at press time. This represented 130,800 addresses of all addresses that hold the altcoin"

Source: IntoTheBock

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https://preview.redd.it/y1ak9bcdj9lb1.png?1401&format=png&auto=webp&s=1334b67a4bc4a3638f2ad05001e899df219142da

Moral of the story: don't buy memecoins, especially if you plan to hold them for the long haul, because you will most likely regret it. Does anyone know how many people got poor compared to those who got lucky and got rich on memecoins?

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