APE Traders Make Bold Moves in PowerTrade's Altcoin Options Market

Coindesk
2024-10-22
  • Traders pile into APE calls options on the altcoin-focused derivatives exchange PowerTrade.
  • Some traders bought the call option at $2.2, representing bullish expectations.

APE ecosystem's governance and utility token APE has doubled in value to $1.50 since the weekend, leading the broader market higher.

Options activity on PowerTrade, a crypto exchange focused on derivatives tied to alternative cryptocurrencies (altcoins), suggests that the recent strong bullish momentum is expected to persist in the short term.

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