Following Horizen Labs’ confirmation that pre-deposit for Apecoin [APE] staking would be made available on 5 November, the metaverse token has since logged significant on-chain activity, data from Santiment revealed.
Since Horizen Labs gave its last update on 24 November, APE has seen an influx of new demand to drive up its network growth. Since then, the number of daily new addresses on the network has rallied by 84%. This showed that investors have been accumulating APE tokens ahead of 5 November for maximum yields on their stakes.
(by Abiodun Oladokun)
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