The ApeCoin token airdropped to Bored Ape NFT owners is off to a rough start, falling from $39.40 to as low as $6.48.
Source
APE Token Tied to Bored Ape Yacht Club NFTs Sinks 80% in Opening Hours

The ApeCoin token airdropped to Bored Ape NFT owners is off to a rough start, falling from $39.40 to as low as $6.48.
Source