A bulk of this consolidation can be blamed on jitters over rising inflation, slowing economic growth and and end to the last two years of low interest rates.
But while major tokens such as Bitcoin and Ethereum sank around 18% through the month, traders found value in a crop of smaller tokens.
A bulk of ApeCoin’s gains came in the last two weeks, amid rampant speculation over the release of creator Yuga Labs’ upcoming metaverse, Otherside.
Otherside is set to begin selling virtual land at 9:00 PM EST today, and will charge a fixed price of 305 ApecCoin per plot.
Concerns over an artificial boost to WAVES prices saw the token plummet nearly 74% from record highs.