Bored Ape Yacht Club's $APE token hit a peak of $39.40 per token during its airdrop, but later sank as low as $7.50 (Andrew Hayward/Decrypt)

Andrew Hayward / Decrypt:Bored Ape Yacht Club's $APE token hit a peak of $39.40 per token during its airdrop, but later sank as low as $7.50  —  ApeCoin, the Ethereum token built for the expanding Bored Ape Yacht Club NFT ecosystem, launched this morning and rapidly rose in value before shedding much of its initial momentum.

Bored Ape Yacht Club's $APE token hit a peak of $39.40 per token during its airdrop, but later sank as low as $7.50 (Andrew Hayward/Decrypt)

Andrew Hayward / Decrypt:
Bored Ape Yacht Club's $APE token hit a peak of $39.40 per token during its airdrop, but later sank as low as $7.50  —  ApeCoin, the Ethereum token built for the expanding Bored Ape Yacht Club NFT ecosystem, launched this morning and rapidly rose in value before shedding much of its initial momentum.