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Machi Big Brother purchases $587K worth of APE

The well-known cryptocurrency influencer Machi Big Brother has bought APE from Uniswap every day during the week, with the total amount climbing to $587K.

According to blockchain analysis company Lookonchain, Machi Big Brother has purchased Apecoin (APE) from the decentralized exchange Uniswap daily for the past seven days. He acquired 148,612 APE for $3.95. The amount comes to around $587,000, including the cost of APE at the time. Per the tweet, he also staked every APE item bought the previous week. 

ApeCoin price history

According to CoinMarketCap, a service that tracks the cryptocurrency market, the price of APE has increased by 0.22% at the time of writing. One APE coin is now valued at around 0.0002116 BTC and 0.002938 ETH.

Machi Big Brother purchases $587K worth of APE - 1
ApeCoin price on CoinMarketCap

The price of APE, whose community recently launched its BAYC marketplace, is currently being challenged by the 9-day EMA line, which bearishly crossed below the 20-day EMA line on Dec. 16. At the time, Apecoin was trading at $3.53, 13.73% short of its 7-day all-time-high of $4.41.

APE, which has increased 16.83% over the past 30 days, changed course and lost some of its recent gains. APE’s market capitalization has increased by 0.5% lately. Despite the crisis, the precise cause of the increase in market cap is now unknown. APE’s daily trading volume has decreased by 13.21%.

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