![Decoding ApeCoin's [APE] high MVRV ratio and recent data breach](https://ambcrypto.com/wp-content/uploads/2023/01/1672378903003-25890197-e796-4d95-bf88-adb9c19ce3b0-1-e1674110668940.png)
A high MVRV ratio suggested a potential selling pressure for APE holders. A recent data breach negatively impacted the public sentiment towards APE. Based on Santiment’s data, it was observed that the 1-year MVRV ratio for APE was much higher compared to other altcoins. This simply meant that most ApeCoin addresses holding onto APE would […]A high MVRV ratio suggested a potential selling pressure for APE holders. A recent data breach negatively impacted the public sentiment towards APE. Based on Santiment’s data, it was observed that the 1-year MVRV ratio for APE was much higher compared to other altcoins. This simply meant that most ApeCoin addresses holding onto APE would […]
