ApeCoin (APE), the Ethereum-based token tied to the widely popular and almost definitely probably not 4Chan-related Bored Ape Yacht Club NFT project, saw its market cap drop by 67.2% or $4.3 billion during May and it has continued to slide since.
Despite bearish macro factors looming over both crypto and stock markets throughout 2022, May, in particular, was a difficult month for crypto — thanks, .
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