Understanding Apeing in Cryptocurrency Trading
Apeing refers to a behavior exhibited by cryptocurrency traders who purchase tokens shortly after the launch of a token project without conducting thorough research.
This impulsive buying is often driven by the fear of missing out on potential gains, leading traders to skip the due diligence.
The term “apeing” gained popularity during the “DeFi Summer” in 2020.
During this period, sudden and unexpected token project launches resulted in a small group of traders making significant profits by swiftly purchasing the project tokens immediately after launch.