ApeCoin (APE) is an ERC-20 token used to govern the ApeCoin DAO. Holding any amount of APE qualifies the holder as an ApeCoin DAO member. Members create and vote on ApeCoin Improvement Proposals (AIPs) that encompass Ecosystem Fund distribution, governance rules, partnerships, and more. Third-party developers can incorporate APE into their respective projects.

Huang Licheng (Machi Big Brother) stated on social media that Polygon offered $3.6 million as operational privileges for ApeChain, and the current value of 20 million OP is $60 million.

Messari released a status report on ApeCoin in Q4 2023, stating that the APE token price increased by 41% compared to the previous quarter, and the APE market value increased by 53% compared to the previous quarter.ApeCoin DAO voted to cut the special committee's compensation for newly elected members in half, saving the DAO approximately $375,000 in 2024.ApeCoin DAO voted in Q4 to allocate $1.6 million, a 92% decrease compared to the previous quarter.

In response to David Choi of MetaStreet's claim that the value of NFT assets in the Bored Ape Yacht Club ecosystem has dropped significantly since the launch of APE staking, "Brother Maji" Huang Licheng responded on social media that ApeCoin staking will lower the value of BAYC, MAYC, BAKC, and ApeCoin. However, if staking distribution can be accelerated at a reasonable discount (such as around 50%), it can alleviate the downward pressure on the value of NFT assets. The remaining 50% of the staking value can be returned to the DAO treasury. In addition, Huang Licheng also called on David Choi to draft a proposal to optimize this issue.

Arbitrum has submitted a proposal to Apecoin suggesting the use of APE as the native Gas token to develop ApeChain on Arbitrum, with ecosystem development led by Horizen Labs. The proposal states that ApeChain, built on Arbitrum technology with guidance and support from Horizen Labs experts, is the best way to attract more users to the Ape community.

On December 6th, according to Yu Jin monitoring, GSR Markets today extracted a total of 3,021,048 APE from Binance, worth $4.91 million, and then transferred it to the 0xc98 multi-signature address.

Snapshot page shows that the ApeCoin DAO community is voting on the proposal to "Enable DAO All-Member Voting to Elect Working Group Administrators (Stewards)". The voting will end on November 16th, and the current approval rate is 98.99%.

According to data released by Lookonchain, Huang Licheng (Machi Big Brother) has been buying APE almost every day, purchasing a total of 6.03 million APE (worth 12.88 million US dollars) since August 2nd, with an average purchase price of 2.14 US dollars, resulting in a current loss of approximately 3.56 million US dollars.

According to Token Unlocks data from Odaily Planet Daily, this week (November 13th to November 19th), 5 tokens - CYBER, FLOW, 1INCH, APE, and ROSE - will have large unlocks: On November 15th at 2:14 (UTC), CyberConnect will unlock 1.26 million CYBER tokens (approximately $8.36 million), accounting for 11.43% of the circulating supply; On November 16th at 8:00 (UTC), Flow will unlock 2.6 million FLOW tokens (approximately $1.82 million), accounting for 0.25% of the circulating supply; On November 16th at 20:00 (UTC), 1inch will unlock 21,430 1INCH tokens (approximately $8,160); On November 17th at 8:00 (UTC), ApeCoin will unlock 15.6 million APE tokens (approximately $22.93 million), accounting for 4.23% of the circulating supply; On November 19th at 12:00 (UTC), Oasis Network will unlock 196 million ROSE tokens (approximately $14.54 million), accounting for 3.9% of the circulating supply.

On November 1st, according to Scopescan monitoring, a whale address released 1 million (1.33 million dollars) APE tokens from pledge and transferred them to Binance 2 hours ago. It is worth noting that this address bought and pledged APE tokens 4 months ago when the price was $2.2. If sold on Binance today, this transaction would confirm a loss of 40%.