ApeCoin price was one of the worst-performing assets in the crypto market on August 15 as the broader market bearish woes overtook the optimism of rec
overy. However, a change in the investors’ behavior might also have a lot to contribute to the fluctuation in price at present and going forward.ApeCoin price recently hit an all-time low of $1.78 but managed to mark some recovery over the next couple of days. However, in the past 24 hours, the digital asset wiped out most of this recovery as APE slipped by more than 10% on the daily chart to trade at $1.82 at the time of writing.
The traders are known to hold their supply for less than a month on most occasions, which leaves theNaturally, before the altcoin can stabilize itself or find a bullish momentum, the price collapses, which has recently been the case with APE. The Traders hold nearly 11% of the entire circulating supply, a stark increase from 5.8% at the beginning of Q3 in July. This is one of the most significant contributing factors to the investors' losses, which in ApeCoin’s case are excessive.
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