Apeing
What is Apeing?
Apeing happens when a crypto participant purchases a token immediately following its launch without doing necessary research, typically driven by the fear of losing out on potential profits if they delay their investment.
Understanding Apeing
The concept of 'apeing' gained prominence during the DeFi boom of 2020, where sudden and surprise project launches allowed a select few to reap significant rewards from buying tokens shortly after they hit the market.
As these narratives spread on social platforms, numerous investors sought to mimic this success by snatching up tokens from every new project without adequate scrutiny. Dubbed 'apeing,' this method represents a rather simplistic approach to token selection.invest in.
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