ApeCoin (APE) has experienced price fluctuations, raising concerns about potential market manipulation by Wintermute. Data from Arkham shows that APE's asset balance has fluctuated since March 2024, peaking at around $12 million in early April before declining back to around $6 million by the end of May. Crypto analyst Davie Satoshi believes that the launch of APECHAIN and related memecoins contributed to the recent price increase, identifying a bullish pattern with a wave 3 and predicting a possible target of $2.50 in a wave 5 breakout. Technical indicators suggest recent bullish momentum for APE, although the RSI indicates that the coin is in overbought territory, suggesting a possible short-term correction.



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