Bored Ape Yacht Club’s $APE token hit a peak of $39.40 per token during its airdrop, but later sank as low as $7.50

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Bored Ape Yacht Club’s $APE token hit a peak of $39.40 per token during its airdrop, but later sank as low as $7.50 — ApeCoin, the Ethereum token built for the expanding Bored Ape Yacht Club NFT ecosystem, launched this morning and rapidly rose in value before shedding much of its initial momentum.
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