ApeCoin (APE), the native token of the Bored Ape Yacht Club (BAYC) ecosystem, has lost its bullish hold over the past 24 hours after falling 2.39%, according to data from the Coinbase exchange. While the APE slide may seem like a general trend for the broader ecosystem, the digital asset has seen sustained weekly growth of 9.21%.

With a market of $1.4 billion, the token remains the most valuable metaverse token, and as a result, the sustain of its year-to-date (YTD) growth has increased from the metaverse immunity it is exerting in the present. As it stands, there is a lot of sentiment around the metaverse, and while the crypto winter has yet to clear, investors believe that coins like APE with a…