ApeCoin jumps 90% amid whale profits and insider trading claims, hitting a six-month high.

ApeCoin surged 90% to a six-month high of $0.28 before retracing to $0.20, driven by significant whale activity and possible insider trading. A whale reportedly made $2.27 million from strategic long and short trades, sparking a surge in futures volume and open interest. Despite increased selling and liquidations exceeding $82 million, strong buyer interest keeps ApeCoin's RSI high, suggesting potential for further gains if demand holds above key support levels.