The recent price correction of ApeCoin may be attributed to a sell-off, as multiple wallets associated with ApeCoin have been transferring significant amounts of the cryptocurrency to Wintermute Trading OTC. Three major wallets that received ApeCoin from the distributor in 2022 have collectively moved 12.47 million ApeCoin to Wintermute OTC, totaling $17.54 million. Additionally, an ApeCoin whale unstaked and deposited 7.767 million ApeCoin into an OKX wallet. Despite the high activity around ApeCoin, its price has dropped by 5.74% in the last 24 hours. Technical analysis indicates that ApeCoin might be entering a consolidation phase.



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