Apu Meme Coin Skyrockets on Ethereum, Another Meme Coin Set to Surge with $15M Raised

cryptonews.com:

In an unexpected twist, retail investors are flocking back to Ethereum meme coin markets, and new token Apu has exploded on DEX markets.

This article will provide an analysis of APU’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity at this time.

Retail capital returning to Ethereum is a notable shift in market dynamics after months of sustained Solana meme coin dominance, which can be explained largely by a significant decline in the price of ETH gas fees since the Dencun upgrade.

This has fuelled improvements in Ethereum activity, with rising interested in ERC-20 meme coins contributing to the recent uptick in volume across the leading proof-of-stake network – ending months of declining volume.

Leading the pack today is APU token, which plays on a cross-over between the much beloved Apu Nahasapeemapetilon (the owner of the Kwik-E-Mart on The Simpsons) and the cousin of Pepe the frog – Apu Apustaja.

As APU price continues to fight for a second-rally leg, Apu token is currently trading at a market price of $0.00000001682 (representing a 24-hour change of -82%).

This comes as part of a significant retracement move, which has seen APU price take a tumble since a sell-off by early backers was triggered at the all-time high of $0.00000028.

However, in an optimistic sign, holders have posted bullish divergence above the descendant down trend, and now, with two hours of consolidation teasing the idea of $0.000000015 forming a new support level, things could be set to reverse.

Indeed, APU price action now returns to a previously established accumulation zone between $0.000000015 and $0.000000040, providing further weight to the bullish case for APU.