ApeCoin (APE) is the most traded token in the ETH whale

Bored Ape Yacht Club's (BAYC) NFT series of native tokens, ApeCoin (APE), has avoided greater market losses over the last 24 hours. Rising whale trading seems to be the most important factor affecting the token's performance.

The token rose as much as 10% in the last 24 hours to a high of about $12.24, while trading volume increased by nearly 300% to over $729 million in one day.

APE is the most popular token in the ETH Whale.

According to Whalestats, APE is the most traded token among the large Ether whales in the last 24 hours. It is also the fourth most popular token acquired by ETH whales, with about $57,000 worth of APE purchased in the last 24 hours.

According to the data, Whale has seen an increase in interest in the coin since its introduction last month. After a turbulent start, APE then traded steadily in the $10 to $20 range. Recent weakness in the crypto market has also hurt the token, which is down 9.2% over the past seven days.