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About Wrapped ApeCoin
Analysis of 15 Feb 2026Wrapped ApeCoin (WAPE) is the native wrapped version of ApeCoin on ApeChain, the Layer-3 Arbitrum Orbit blockchain launched October 20, 2024. As of February 2026, APE trades at $0.12-$0.13 with a market cap of approximately $120 million, maintaining 1:1 parity with WAPE.
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The token has a circulating supply of 753 million APE out of 1 billion fixed supply. WAPE enables APE holders to interact with ApeChain DeFi protocols, NFT marketplaces, and the Otherside metaverse.
The token uses the EIP-1967 Transparent Proxy pattern verified on Apescan. Governance fully transitioned to ApeCo in June 2025 following AIP-596 passage with 99.66% approval, centralizing control under Yuga Labs after dissolving the DAO structure.
