APE Rises 8.25%, While Top 30 Cryptos Go Red, As It Becomes Most Popular Smart Contract for Whales

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APE Rises 8.25%, While Top 30 Cryptos Go Red, As It Becomes Most Popular Smart Contract for Whales
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ICYMI: ApeCoin has become the most popular smart contract among the top 500 $ETH whales, showing more than 8% growth $APE

closely follows Shiba Inu—the fifth most wanted coin now—which also recovered the position of the largest token by USD value earlier today.52 Billion SHIB Bought by Investor"Bombur" as SHIB Regains Position of Whales' Biggest HoldingAs the global flagship cryptocurrency, Bitcoin, dropped to the $38,000 level, falling below the ascending channel that has been forming on charts since the start of the year.of long orders in Bitcoin have taken place in the past 24 hours.

This is the continuation of Friday's fall of Bitcoin; on that day, the leading cryptocurrency slipped below the $40,000 level on the news that, in May, the Fed will discuss raising the interest rate by 50 basis points. By the end of 2022, the U.S. central bank intends to make an overall increase in the interest rate by 250 basis points.

So far, APE seems to be profiting from Bitcoin's decline, being nearly the only coin not only on the top 30 but on the top 100 list.

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