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.
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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