Investors and traders of ApeCoin (APE) have been seeing some big gains since the start of 2023. With the crypto market experiencing a surge in prices, ApeCoin has been riding the bullish wave upwards showing gains on almost all timeframes. 
ApeCoin is riding the bullish momentum, while Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) remain some of the dominant collections available on the NFT market. 
According to DappRadar, the two collections are first and second in terms of trade volume in the past month. However, with the recent Yuga Labs situation, will APE remain profitable to investors? 
Yuga Labs Lawsuit And How It May Affect ApeCoin
Recent information about the lawsuit filed against Yuga Labs can affect APE’s ability to continue its bullishness.
According to news, a federal judge ruled that Greg Solano and Wylie Aronow, the co-founders of Yuga Labs which created BAYC and MAYC, must face deposition in the most recent escalation between the compan

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