Orhan 
ApeChain, which sparked excitement in the crypto world with its testnet phase in July, has now officially launched. Following the announcement of ApeChain, a flood of meme coins hit the network, and ApeCoin (APE) saw a significant price increase as a result of these developments. According to a statement from ApeCoin, bridges are now active, allowing users to transfer their APE, ETH, and stablecoins to ApeChain to generate yields. Additionally, the core incentive program for users was launched today.
Meme Coin Wave Shakes ApeChain
After the official launch of ApeChain, meme coin projects were rapidly introduced, with many securing their spot on the platform within minutes. Some of these meme coins quickly reached market capitalizations worth millions of dollars. A token creation platform called ApeExpress, similar to pump.fun on the Solana network, was also launched alongside ApeChain.
Among the standout meme coins, CURTIS led the pack, reaching a market cap of around $16 million, followed by CIF at $5.3 million, and DOOKEY at $3.5 million.
The launch of ApeChain also triggered a noticeable surge in the price of ApeCoin (APE). APE rose from $0.73 to $1.42, recording a nearly 100% increase within a few hours. As of 11:40 AM Turkish time, APE is trading at $1.40, with many eagerly awaiting whether this upward trend will continue.
These developments are seen as a significant turning point for the future of the ApeChain and ApeCoin ecosystems.