ambcrypto.com: Assessing what the steep decline in ApeCoin’s Q3 FDV meant

• APE’s fully diluted valuation fell to its lowest level ever in September
• Q3’s  APE token unlock event was met with low demand, causing the value of the altcoin to decline

ApeCoin’s [APE] fully diluted valuation (FDV) plummeted to its lowest level ever during the year’s third quarter. This contributed to the Metaverse-based token closing the three-month period at an all-time low, according to Messari’s latest report. 

Read Apecoin [APE] Price Prediction 2023-24

A coin’s FDV tracks…