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ApeCoin (APE) CAD Price
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About ApeCoin
ApeCoin Price Data
ApeCoin (APE) currently has a price of $0.21 and is up 3.88% over the last 24 hours. The cryptocurrency is ranked 201 with a market cap of $209.3M. Over the last 24 hours, it saw $26.8M of trading volume. The token has a circulating supply of 1B tokens out of a total supply of 1B tokens.
ApeCoin (APE) is a utility and governance token used in the Ape ecosystem, particularly within the Bored Ape Yacht Club and other NFT projects. As an ERC-20 token on the Ethereum platform, ApeCoin is used for transactions as well as governance, allowing holders to influence the direction of the community. Additionally, ApeCoin provides exclusive benefits and rewards, such as NFT airdrops and priority access to events and opportunities, establishing its importance in the ecosystem's development and value creation.
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Frequently Asked Questions
APE is the governance and utility token of the ApeCoin DAO, which operates independently from Yuga Labs (the creator of BAYC). The DAO controls a treasury funded by the initial token allocation and governs decisions on ecosystem fund deployments, partnerships, and protocol development. Yuga has influence through its community presence but does not formally control the DAO.
Total supply is 1 billion APE. At launch: 15% to BAYC/MAYC/BAKC NFT holders, 14% to Yuga Labs, 8% to founders and advisors (vested), 1% to Jane Goodall Foundation, 62% to the DAO ecosystem fund with a release schedule managed by governance. The ecosystem fund is the key lever: grant allocations and treasury deployments are voted on by APE holders.
BAYC holders received a proportional APE airdrop at launch, creating alignment between the NFT community and the token. Otherside is Yuga’s metaverse project where Otherdeeds (land NFTs) were purchased in APE, generating a substantial burn event at launch. Continued Otherside development is one of the primary value accrual narratives for APE, though progress has been slower than initially projected.
ATH of approximately $26 in April 2022. Decline driven by: NFT market collapse reducing BAYC floor and associated APE demand, lack of tangible product (Otherside development delays), heavy unlock schedule adding sell pressure, and no fee-generating product that accrues value to APE holders. Recovery thesis depends on Otherside reaching active user scale, ApeChain driving transaction fee utility, and the DAO deploying treasury into productive ecosystem development.
ApeChain is an Arbitrum Orbit L3 built on top of Arbitrum One, launched in late 2024. APE is the gas token for ApeChain, creating direct utility for every transaction. This shifts APE from governance-only to a fee-bearing asset: every transaction on ApeChain requires APE, creating structural demand proportional to network activity. The L3 also enables cheaper NFT minting, gaming transactions, and metaverse interactions denominated in APE.