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ApeCoin Jumps 80% After Yuga Labs Names Michael Figge Chief Executive
ApeCoin rose more than 80% on Friday to about $0.18 after Yuga Labs confirmed Michael Figge as chief executive earlier this week. Lookonchain said a newly created wallet sold 75 ETH and opened a 5x leveraged long on 9.19 million APE before the move. Lookonchain said the position showed a $713,000 unrealized gain at the time of reporting.