Apeing
What is Apeing?
Apeing occurs when a crypto investor gets a token soon after the token project’s launch without conducting comprehensive research, generally out of fear of missing out on potential returns if they wait to conduct due diligence.
Understanding Apeing
The term “apeing” became popular during the 2020 “DeFi Summer,” when abrupt and unannounced token project launches led in a small fraction of investors profiting significantly from purchasing those project tokens within a short period of time after the initial launch.
As such stories gained traction on social media, other investors attempted to emulate them by purchasing tokens for every new startup launched without conducting extensive investigation. Apeing got its nickname from this “low IQ” method of selecting tokens to invest in.
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Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
More articlesDamir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
