ApeCoin and the story behind becoming ‘most traded’ among Ethereum whales

Last week, Yuga Labs announced ApeCoin, a token used for future gaming and entertainment applications. Upon its launch, 1 billion ApeCoins were released through an airdrop. Within a day, it had a trading volume of over $9.2 billion, according to CoinMarketCap. Soon after, however, questions surrounding its tokenomics surfaced, providing significant opportunities to bad actors.  […]