$APE : A article to help you understand the APE pump-up logic and Brother Jiang's views on the follow-up!

Actually, I had some airdrops when APE just launched in 2022, with the highest profit approaching 50 times. It was really hot back then, feeling like the next $DOGE . But I was quite a rookie then, selling at $16. 😂 couldn't read the trend and couldn't hold on. Many retail investors FOMO chasing the rise, with costs mostly around $15-20. But then there was a washout lasting over three years, and every subsequent rally was just for dumping. Basically, the early chips above the trapped positions were washed out, at most a few steadfast holders still believing.
Why did it rally recently?
There is only one core positive reason: Michael Fige was appointed as the new CEO.
Plus, the coin price was oversold, and the whales had already rotated and re-accumulated low-cost chips at the bottom. Actually, I think the appointment of the CEO isn’t that important. What's important is using this news to hype up the heat. Indeed, the result was achieved, with a nearly 200% increase from the bottom.
After rising so much, only one group lost—retail investors 😅.
Many people don’t understand the trend, constantly watching the top gainers or losers. Such explosive altcoins definitely attract most rookies to chase high. But once the hype dissipates, the main players quietly exit, and a single spike on the hourly chart gives a false sense of stabilization. Then they dump gradually in a downtrend, boiling the frog alive, killing you slowly.
So Brother Jiang’s view on the follow-up: two words—don’t watch!
The main upward wave is over; playing with such altcoins again is pointless.
This is the reality of altcoins!
If you hold long-term, $HYPE is one of the most valuable [with a built-in destruction and buyback mechanism] decentralized on-chain exchanges with great potential.
I am Brother Jiang, an old veteran who has been around for years. In this market, it’s not about who makes more money, but who can survive longer!