What’s wrong
Sunday was not a day of rest or joy Ethereum (ETH -2.96% ). When ApeCoin (CRYPTO: APE). As of mid-afternoon, Ethereum has plummeted by almost 2% and ApeCoin has plummeted by almost 19% in the last 24 hours. Fresh comments from celebrities in the cryptocurrency world were the root cause of the drop.
So what
on Friday, time The magazine has published a profile of Ethereum founder Vitalik Buterin. There he provided citations of several options for the state of common cryptocurrencies, especially Ethereum.
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But Buterin was sometimes depressed, in contrast to the usual optimistic remarks most corporate leaders make about their business or industry. For example, “Cryptography itself has many dystopian potentials if implemented incorrectly,” one of his remarks.
He also swiped a few times, especially at the Boring Ape Yacht Club, a hot NFT gallery featuring thousands of original art depicting boring apes. It’s not entirely clear yet, but the recently launched ApeCoin appears to be connected to the company behind the club, Yuga Labs.
In an article updated Sunday morning, crypto site Coinbase quoted a statement from Yuga Labs CEO Nicole Munz, stating that her company “will adopt ApeCoin as the primary token for all new products and services.” I am.
Buterin is clearly not a fan of Appeverse. “It ’s dangerous with these $ 3 million monkeys. [crypto] It’s going to be another kind of gambling, “he said. time..
And while discussing the beneficial uses of cryptocurrencies to help ease the suffering of Ukraine, Buterin said, “To many in the crypto space, the ultimate crypto goal is a million dollar photo of a monkey. It reminded me that it’s not about playing games in, it’s about achieving meaningful effects in the real world. “
So
ApeCoin was hot when it went on sale last week, soaring from $ 1 to nearly $ 13 per piece. Buterin was the first well-known cryptocurrency person to criticize the Ape ecosystem since the debut of Token. It’s no wonder it plummeted after his comments were digested by investors.
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