ApeCoin Market Cap Tumbles More Than $2.5 Billion in May

ApeCoin remains a top 50 digital asset by market capitalization in June 2022. APE closed the fifth month of the year with a market value of approximately $1.97 billion

While this number seems high due to the plunge in the value of other digital currencies, this figure was a 56% dip from its market value on May 1. On that day, APE saw an impressive trading volume of $3.37 billion which corresponded to a market capitalization in the region of $4.55 billion.

[Via]

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