May 26, 2022

ApeCoin, the token linked to the Bored Ape Yacht Club NFT, or non-fungible token, collection, had rough debut on Thursday.

The token, which was airdropped to the Bored Ape NFT owners, saw its price tumble from a high of $39.40 to $7.75 at last check, according to CoinMarketCap.

‘A Token for Culture, Gaming, and Commerce’

“Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3,” the token’s official Twitter handle proclaimed. 

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