Key Highlights
- ApeCoin surged more than 70% during the fifth anniversary of Bored Ape Yacht Club.
- The price went from approximately $0.10 to over $0.18, peaking near $0.19.
- Trading volume reached about $270 million, indicating strong market activity.
ApeCoin (APE), associated with the Bored Ape Yacht Club (BAYC) ecosystem, recorded a rise of 72.3% within a day as the NFT collection marked its fifth anniversary.
The token traded above $0.1779 on April 24, 2026, with daily volume surpassing $271 million, as per the data shared by CoinGecko.
The rally coincided with the anniversary of BAYC, launched by Yuga Labs on April 23, 2021. Intraday data shows the price briefly touched $0.19 before closing above $0.18.
The movement of the asset is a perfect example of a breakout formation: it was stuck near support at around $0.10 earlier in the week but then, under the influence of bullish sentiment, made a sharp vertical move higher.
Within the past 24 hours, the token was trading within a range of lows at $0.1002 to highs of $0.1905, an almost 90% fluctuation during the day when it was most volatile. In the larger timeframe, APE was performing inconsistently: rising well on shorter timeframes but declining sharply over the year (around 65.7% lower on the 1Y timeframe).
This increase in the volume traded on a 24-hour basis has reached almost $272 million. However, APE’s daily volumes in recent times have been hovering around $10 million to $40 million. This will mitigate any slippage issues and show genuine market demand and not just manipulation through order books.
The “Add to Portfolio” section of CoinGecko shows that more than 114,000 people have added APE to their portfolio. Even with the 24-hour rise, APE is still miles away from reaching its all-time high of about $26.70 reached back in April 2022 and has shed around 99% from its peak.
Legal backdrop and recent developments
The movement comes weeks after the settlement of Yuga Labs’ lawsuit with artists Ryder Ripps and Jeremy Cahen in a California federal court.
The artists were accused of copying the pictures of BAYC NFTs and creating lookalikes, leading to millions of dollars in profit. However, as a part of the settlement, the court ruled that the artists will not be able to use Yuga Labs’ images or trademarks in the future.
Event-driven rally
A consistent breakout above $0.18 would attract more fear-of-missing-out (FOMO) buyers, but selling following such a massive rally may quickly trigger a pullback. The traders will need to monitor the volume sustenance and any announcements made by Yuga Labs or ApeCoin DAO in connection with the anniversary.
The 70%+ rally reminds us that cryptocurrency markets are driven by events. The Bored Ape Yacht Club’s anniversary has breathed new life into the community, giving APE holders a badly needed green candle.
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