ApeCoin has dipped in price from a 24-hour high of US$14.54 to a low of US$11.25, finishing the trading day on US$11.33. The market cap loss from the high to the low price for ApeCoin amounted to an astonishing US$1.2 billion. However, some fans of the coin from the makers of the Bored Ape Yacht Club (BAYC) NFT project remain bullish about its prospects.
https://www.notebookcheck.net/ApeCoin-market-cap-sliced-by-US-1-2-billion-in-one-day-despite-Bored-Ape-Yacht-Club-NFT-association.609098.0.html