APE Token Surges 63% After Yuga Labs CEO Appointment; Binance Leads Trading Amid High Volatility

APEUSDT experienced a significant 24-hour price increase, with Binance reporting a current price of 0.1798 USDT, up 63.75% from the 24h open of 0.1098 USDT. The sharp price surge is primarily attributed to the appointment of Michael Figge as CEO of Yuga Labs, which sparked renewed interest and heavy trading activity. Additional market factors include high volatility, substantial trading volume, and leverage adjustments on MEXC Futures that reduced maximum leverage following the price movement. On-chain data showed accumulation in the $0.15–$0.20 range, with notable sell orders above $0.25, and derivatives markets traded at a discount to spot prices with negative funding rates. The total circulating supply stands at 752,651,515 APE out of 1 billion tokens, and Binance remains the most active exchange for APEUSDT trading.