Bubble
ApeCoin APE
ApeCoin (APE) was trading at $0.1371, ranked #212 by market cap at $137.12M, with 24h volume of $24.01M.
Data snapshot: 2026-09-02 12:15 UTC.
ApeCoin was airdropped to Bored Ape and Mutant Ape holders in 2022 as the token of an ecosystem around Yuga Labs' NFT collections, governed by ApeCoin DAO rather than by Yuga itself. That separation was deliberate for regulatory reasons, but it also means the token's fate is tied to a brand it does not control — a tension the DAO has argued over repeatedly since launch. ApeCoin was distributed to holders of a prominent NFT collection and governs a DAO with a substantial treasury, but it has a structural oddity worth understanding: the token's governance is formally separate from the company that created the NFT collection, so the relationship between the two is a matter of arrangement rather than ownership. Its price has tracked NFT-market sentiment closely. On this map APE is in the gaming and NFT group, and its history is a case study in what a token whose value depends on an associated brand actually holds.
How was ApeCoin distributed?
By airdrop to holders of a prominent NFT collection, which established its initial holder base.
Does APE give ownership of the NFT company?
No. The DAO's governance is formally separate from the company that created the collection, so the relationship is contractual rather than one of ownership.
What drives the APE price?
NFT-market sentiment, particularly around the associated collection, rather than measurable protocol revenue.
What does the DAO control?
A treasury and ecosystem funding decisions, voted on by token holders.
Market cap decides how big a bubble is drawn, so rank is what places APE on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #203 | Decentraland (MANA) | $145.01M |
| #210 | Chiliz (CHZ) | $138.78M |
| #212 | ApeCoin (APE) | $137.12M |
| #241 | The Sandbox (SAND) | $112.29M |
| #297 | GALA (GALA) | $85.81M |