ApeCoin holders are facing financial losses as 95% of them are experiencing negative returns. The declining network growth, dominance of short-term holders, and rising negative sentiment are posing challenges for ApeCoin's price.

Despite the immense interest surrounding the Yuga Labs NFT collection, ApeCoin has not witnessed a corresponding growth in its value.

The behavior of the Yuga Labs team and launch contributors in rewarding themselves with substantial amounts of APE tokens through token unlocks raises concerns about the perception of ApeCoin within the market.

Traders have maintained a bearish stance, with short positions surpassing long positions, reflecting the prevailing concerns surrounding ApeCoin and its future trajectory.