ApeCoin has experienced a significant surge in value, rising over 100% in the past 24 hours, driven by the launch of ApeChain. ApeChain, an Arbitrum Orbit L3 blockchain, has seen a large number of memecoins created, with notable success for coins such as CURTIS, BORED, CIF, and DOOKEY. The price of ApeCoin has soared 118% to $1.42, reaching a market cap of $1.18 billion. The introduction of Automatic Yield Mode for holding ApeCoin on ApeChain has further fueled interest.