ApeCoin (APE), an ERC-20 governance and utility token used within the APE ecosystem, has surged 40% in the past 24 hours with the launch of ApeChain, a blockchain network built on Arbitrum technology. Data from CoinMarketCap shows that APE has a market cap of $1.1 billion, ranking it as the 65th-largest cryptocurrency. The cryptocurrency’s trading The post ApeCoin Price Explodes 40% with Layer-3 ApeChain Launch appeared first on Coin Edition .