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 , suggests that the recent strong bullish momentum is expected to persist in the short term.
Most activity is concentrated on the Oct. 22 and Oct. 25 expiry contracts, with traders buying higher strike out-of-the-money calls at strikes as high as $2.2 or nearly 50% higher than APE's going market price.
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