PANews reported on October 24 that according to monitoring by on-chain analyst Yu Jin, 3 hours ago, the ApeCoin treasury-associated wallet transferred another 5 million APE (about 5.8 million US dollars) to Wintermute, of which 2 million (about 2.32 million US dollars) were transferred to Binance half an hour ago.

APE prices had previously risen, driven by Apechain’s entry into the Meme market. However, after the APE price rose, the ApeCoin treasury-related wallet transferred a total of 13.289 million APE (about $18.51 million) to Wintermute in the past two days.

Among them, 10.289 million APE (about 15.03 million US dollars) entered Binance, causing the APE price to fall 28% (from $1.62 to $1.16) after these tokens flowed in.