ApeCoin, which was launched by Yuga Labs, the company behind Bored Ape Yacht Club, in 2022, came back to life with ApeChain after major declines, but investors who bought it at the top are looking for ways to escape. Despite the rise, a whale sold its APE tokens, losing $1 million.

APE, which has increased by more than 100% in the last 2 days, has risen above $1.5. The rise in the token, which attracted great attention with the launch of ApeChain, was seen as an escape opportunity for a whale who suffered serious losses.

This whale, who spent $2.2 million in 2023 and bought 582 thousand APE, also earned 208 thousand APE from staking income. Despite this, he sold at a serious loss and completely sold off the tokens. This person, who sold a total of 790 thousand APE, received $1.1 million. The whale, who sold today at around $1.5, had an average purchase of $3.85.

The chart below shows the period when the whale bought APE tokens. APE pulled back with yesterday’s Bitcoin drop and is trading at $1.46 at the time the news was written.