ApeCoin 

APE Price

What is the ApeCoin token?

ApeCoin (APE) is an ERC-20 governance and utility token on Ethereum, launched by ApeCoin DAO on March 17, 2022 in connection with Yuga Labs, the studio behind Bored Ape Yacht Club. APE governs the DAO's treasury and ecosystem proposals, serves as the currency of the Otherside and NFT gaming ecosystem, and since October 20, 2024 functions as the native gas token of ApeChain. DropsTab classifies ApeCoin under Metaverse, NFT, Governance, and Gaming.

How is ApeCoin used?

ApeCoin has three utilities: DAO governance voting, ecosystem payments across Ape-powered games and web3 purchases, and gas payments on ApeChain. ApeCoin DAO votes decide how the treasury funds ecosystem projects, while the Ape Foundation administers day-to-day operations. ApeChain apps using APE include Otherside, Camelot DEX, gTrade perps, Ape Express, and the Ape Portal bridge.

What is ApeCoin's total token supply?

ApeCoin has a fixed supply of 1,000,000,000 APE — total equals maximum, and the token is not mintable, so no new APE can ever be issued. Genesis allocation reserved 47% (470M) for the DAO Treasury, 15% each for Yuga Labs and the airdrop, 14% for launch contributors, and 8% for BAYC founders.

Who qualified for the ApeCoin airdrop?

The March 2022 airdrop distributed 150M APE (15% of supply) to holders of Bored Ape Yacht Club, Mutant Ape Yacht Club, and Bored Ape Kennel Club NFTs. A BAYC holder could claim 10,094 APE per NFT, with smaller amounts for MAYC and BAKC pairs. The entire airdrop allocation was fully claimable at TGE on March 17, 2022 — no lockup applied.

What does ApeCoin's vesting schedule mean for sell pressure?

ApeCoin's fixed vesting concludes in H1 2026, so unlock-driven sell pressure is largely exhausted — virtually the full 1B supply is already released. Yuga Labs, BAYC founders, charity, and launch contributors took a 12-month cliff (first tranche March 17, 2023) followed by roughly 36 monthly installments. Per DropsTab data, the remaining supply risk sits in the 47% DAO Treasury — a discretionary pool deployed by governance votes rather than a fixed schedule.

Who funded ApeCoin?

ApeCoin itself had no ICO and no token sale — APE launched via airdrop. The tracked round was Yuga Labs equity: per DropsTab fundraising data, Yuga Labs raised $450M at a $4B valuation on March 22, 2022, led by Andreessen Horowitz (a16z), with Animoca Brands, FTX Ventures, LionTree, and Sound Ventures participating. No VC from this round holds a token allocation, so APE concentration sits in the DAO Treasury and Yuga/team allocations instead.

Where can ApeCoin be traded?

ApeCoin trades with low liquidity risk across all three market types: multiple tier-1 centralized exchanges (Binance, Coinbase, Kraken, Upbit, Bithumb), perpetual futures on Binance, Bybit, OKX, and Hyperliquid, and on-chain routes via Uniswap and Sushiswap on Ethereum. Fiat gateways cover EUR, TRY, KRW, JPY, and INR pairs. Spot order books dominate the mix, with derivatives adding leveraged exposure.

Does ApeCoin have a burn mechanism?

Yes — every ApeChain transaction burns its gas fee in APE, creating a usage-driven deflationary loop. Because supply is hard-capped at 1B and minting is disabled, burned APE is permanently removed from circulation. Network activity on ApeChain thus determines the burn rate: more transactions on Otherside, Camelot, and gTrade means faster supply reduction.