The $APE float at release consisted of 516m shares.
In the first week of $APE, ICS took a position of ~25m $APE shares.
In December of 2022 Antara took a position of roughly 300m $APE shares in exchange for debt and cash.
Over the course of 2023 (Feb – Apr) Millennium took a 49m share position of $APE
All other institutional holders account for less than 6m $APE shares combined.
No major funds (Blackrock, Vanguard, State Street) have recorded $APE positions with the exception of a small Vanguard ETF (1.9m shares).
Since December 2022 until May 1st 2023 $APE has traded over 3 BILLION times.
It would take every single shareholder be it institutional, household, insider, pet rock whatever selling / buying over 3x all issued $APE shares to achieve that.
If it was solely institutional investors, it would take them selling all issued $APE shares more than 10x.
In this entire period, we have seen two periods where in a single week or single day, more than 40m+ $APE shares have FTD’d.
Do with this information what you will.