Thread by @MessariCrypto

1/ As $APE tokens continue to flow outside of the total supply currently linked to @BoredApeYC stakeholders, @ApeCoin DAO's priorities should reflect that of a more diverse member base, promoting the exchange of APE.

Did ApeCoin DAO make headway in Q3?

https://twitter.com/MessariCrypto/status/1580652417808732161

2/ Following the launch of @OthersideMeta, fully-diluted value (FDV) fell to a low of $3.5B as memetic momentum dissipated, rebounding in Q3 in part due to integrations with @BitPay.

3/ 15% of the 1B $APE was allocated to @BoredApeYC and #MAYC holders at launch.

By the end of Q3, the BAYC and MAYC ApeCoin balances were 3.7% of the total APE supply (11.7% of the circulating supply), remaining the largest member of the DAO cohort.

4/ 96,250 unique wallets collectively hold @ApeCoin’s total supply, with only Krill holders experiencing an increase. Whales (> $10M) however, dominated $APE trading volume.

26.5% of the circulating supply remained stagnant for 180 days +, the largest grouping of liquid supply.

5/ Looking to increase user base and token value across the crypto ecosystem, @apecoin DAO was hard at work passing common-sense proposals that included

+AIP-96: Funding for Public Goods
+AIP-98: A Community-First Marketplace
+AIP-113: Extending AIP-1 – the DAO Process

6/ Holder count and price action throughout Q3 seemed to react positively to @apecoin DAOs developments, relative to where things stood at the end of June.

For more, explore the full State of ApeCoin Q3 2022 report from @kelxyz_ & @NardisNarrative.
messari.io/article/state-…