SIGN UPloading spinner


Last Updated: February 22, 2024

ApeCoin (APE) is the native currency of the Bored Ape Yacht Club (BAYC) metaverse.

While the Bored Ape Yacht Club is a non-fungible token (NFT) collection that comprises 10,000 images of apes, APE is a fungible ERC-20 token with a maximum supply of 10 billion.


  • Yuga Labs is the original developer of Bored Ape Yacht Club.
  • The ApeCoin Foundation who officially launched ApeCoin is governed by a board that “administer[s] DAO proposals and serve[s] the vision of the community.” 
  • The ApeCoin DAO, is a separate organizational unit governed entirely by token holders.


ApeCoin (APE) were airdropped to BAYC, Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club (BAKC) NFT holders directly into their Ethereum wallets on March 16, 2022.

How does it work?

ApeCoin is a fungible governance token built on the Ethereum blockchain and offers membership to the ApeCoin DAO. It is also a utility token within the Yuga Lab ecosystem and other web3 decentralized applications and games. For example, holders of ApeCoin can also use the token to buy assets within the ApeCoin metaverse, such as virtual land in Yuga Labs’ NFT world, Otherside.

Sources & Resources

ApeCoin websiteCoinDesk

Information on this page includes third party content. Such content has not been verified or endorsed by Bullish. Bullish does not warrant that such content is complete, accurate, up-to-date or appropriate for your intended use and Bullish is not liable for any errors or delays in updating such content or ensuring its availability. Any reliance on or interaction with such content is solely at your own risk. Material provided on this page is for informational purposes only and does not constitute investment advice. This information is not and should not be interpreted as a recommendation to buy, sell, or hold a digital or fiat currency or to use a particular investment strategy. You should conduct due diligence before deciding whether to transact in any digital asset or fiat currency. Any prices displayed are for illustrative purposes only. Not all digital assets may be available in all jurisdictions or to all types of customers. Please see the Risk Warnings for important additional information.

The Bullish Group and related parties engage in a range of businesses that may involve: trading their own assets on the Bullish exchange or elsewhere; holding or owning digital currencies or fiat currencies or derivatives contracts traded on or off of the Bullish exchange; participating in or performing other services and transactions on the Bullish exchange or that relate to activity on the Bullish exchange; and/or receiving benefits for assets of the Bullish Group or others held on the Bullish exchange. The Bullish Group and related parties may also make investments in issuers of digital currencies that trade on the Bullish Exchange; companies that develop the protocols or technologies on which digital currencies traded on the Bullish exchange may rely; or companies that are active in ecosystems that may benefit from the trading of particular digital currencies on the Bullish exchange. The Bullish exchange has policies in place to manage conflicts of interest.

Trade crypto’s biggest assets on Bullish.

Other digital assets