Three hours ago, on March 13, 2025, a significant transaction involving 3.5 million $APE tokens, valued at approximately $1.8 million, was recorded. The transaction moved the tokens from wallet address 0xFfd, associated with Coinbase Custody, to a GSR wallet on the Binance platform. This transfer is notable as it follows a previous transaction three weeks ago, on February 20, 2025, where 1 million $APE tokens were also transferred from the same Coinbase Custody wallet to GSR (source: OnchainDataNerd, X post dated March 13, 2025). These tokens originate from the Ape treasury, indicating a continued distribution of tokens to market makers or trading entities like GSR, which could influence market dynamics and liquidity (source: OnchainDataNerd, X post dated March 13, 2025).

The immediate impact of this transfer on the $APE market was observable in the price movement and trading volume. Following the transfer, the price of $APE saw a slight increase of 2.5% from $0.51 to $0.523 per token within 30 minutes of the transaction (source: CoinGecko, price data as of March 13, 2025, 15:30 UTC). The trading volume surged by 15%, reaching 12 million $APE traded in the same period, suggesting increased market activity and potential anticipation of further price movements (source: CoinGecko, volume data as of March 13, 2025, 15:30 UTC). This transfer could signal GSR's intent to engage in market-making activities or to capitalize on expected price fluctuations, which traders should monitor closely for potential trading opportunities (source: OnchainDataNerd, X post dated March 13, 2025).

Analyzing the technical indicators, the $APE token was trading above its 50-day moving average of $0.49 but below its 200-day moving average of $0.55 as of March 13, 2025, at 16:00 UTC (source: TradingView, chart data as of March 13, 2025). The Relative Strength Index (RSI) for $APE was at 62, indicating a slightly overbought condition, which could suggest a potential pullback or consolidation phase in the short term (source: TradingView, RSI data as of March 13, 2025). The trading volume for $APE on the $APE/USDT pair on Binance increased by 10% to 8 million $APE, while the $APE/BTC pair saw a volume increase of 8% to 2 million $APE, indicating broad-based interest across different trading pairs (source: Binance, volume data as of March 13, 2025, 16:00 UTC). On-chain metrics further reveal that the number of active addresses for $APE increased by 5% to 10,500 within the last 24 hours, suggesting growing engagement from the community (source: Etherscan, on-chain data as of March 13, 2025).