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.