APE is the governance and utility token of the Bored Ape Yacht Club (BAYC) ecosystem, developed by Yuga Labs and backed by a16z as well as Animoca Brands. Launched in March 2022 through an airdrop to BAYC/MAYC NFT holders, APE currently serves as the native gas token of ApeChain (an L2 built on Arbitrum Orbit) and is cross-chain compatible across Ethereum, Arbitrum, Solana, and Hyperliquid. Its role is to bridge the world of NFTs, the Otherside game, and the metaverse together.
| Asset | Price | Volume 24h | Open Interest | 24h Change |
|---|---|---|---|---|
| $0.17334 | $4.10M | $6.74M | -1.17% | |
| $78120.0 | $935.62M | $2.29B | -0.25% | |
| $2302.3 | $344.33M | $1.23B | +0.19% | |
| $83.651 | $59.83M | $258.11M | -0.30% | |
| $40.968 | $145.66M | $798.74M | -0.57% | |
| $4596.0 | $941.6K | $39.02M | -0.12% | |
| $1.3826 | $11.77M | $79.44M | -0.17% | |
| $0.10749 | $30.64M | $83.49M | -0.89% | |
| $0.2035 | $5.65M | $41.43M | -1.15% |
APE is one of the coins with the heaviest drawdowns among the top-200 group, falling from an ATH of $26.70 to just $0.08-0.18, or a decrease of over 99% in 4 years. A new ATL was recently set in April 2026, reflecting that the downtrend has not yet concluded. Max leverage on Hyperliquid is limited to just 5x, indicating that the system views this token as high-risk and high-volatility. Using leverage will magnify both profits and losses rapidly. Traders should set a stop loss every time and avoid holding excessively large positions. Furthermore, the success of APE is tied to the NFT and BAYC trends, which have been stagnant since 2023.
APE was born from the NFT boom of 2021-2022 as the governance token for BAYC, distributed via airdrop to NFT holders. Upon launch, it immediately surged to an ATH of $26.70 within a month. However, after the NFT bubble burst in 2022-2023, the price continuously bled out by over 99%. Currently, Yuga Labs is attempting to pivot by focusing on ApeChain (ApeCoin's L2) and the Otherside game to create new utility for the token, though it has not yet been able to recover the price.
Did You Know?
If someone bought APE at the ATH of $26.70 in April 2022 with 100,000 Baht, it would be worth only about 680 Baht today. In other words, if you had received 1,000 APE for free as a BAYC holder, it was once worth over 900,000 Baht; today, it is worth only 6,000 Baht.
You can start with a small amount of USDC. We recommend at least 10-100 USDC to test trading and manage risk effectively.
Up to 40x (depends on the asset and market conditions)
Connect MetaMask → Go to Deposit/Withdraw → Select deposit from a Thai or global exchange → Follow the simple steps, takes only a few minutes
Price volatility, liquidation risk when using high leverage, and funding rate exposure.
Yes. Profits are in USDC → Withdraw to MetaMask → Transfer to Exchange → Sell for THB
Absolutely. SiamDEX has clear guides in Thai and English, simple steps, and no KYC required.
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