On March 18th, the first address paid $3.3 million for 300,000 APE. The transaction was valued at $4.2 million, putting the whale in the red.

Despite being the tenth biggest ETH whale, his portfolio is mostly made up of FTT tokens, the FTX exchange's native currency.

Second, Ethereum's twenty-first largest whale bought the same amount of APE on the same day.

Regardless, the APE coin is now down 20%, trading at $11.

Ahead of the second-quarter release of Ocean v4, OCEAN gains 86.4% in March

The much-anticipated protocol change expanded partner base, and active grant program has energized OCEAN.

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Data security and accessibility have become significant problems as the world advances toward a Web3 future based on blockchain technology.

This growing Web3 data economy is being targeted by projects like Ocean Protocol (OCEAN), a blockchain ecosystem that allows individuals and businesses to unlock the value of their data and monetize it using data tokens.

OCEAN's price rose 86.4% in two weeks, from $0.40 on March 7 to $0.748 on March 21, despite a 562 percent rise in daily trading volume to $321 million.

In addition to the forthcoming release of Ocean v4, the ongoing OceanDAO financing initiative has resulted in an increase in the number of data partners providing real-world use cases.
Ocean v4, which is now undergoing public testing and is planned to go into production in the second quarter of 2022, was one of the major elements boosting OCEAN's momentum in March.

The project claims that Ocean v4 would reduce rug pulls in data token pools by deleting the initial data tokens distributed to publishers. Aside from providing data NFTs, the new protocol upgrade will also give additional ways for the community to monetize data.

A few EVM chains that now support Ocean v3 will be upgraded initially, followed by additional EVM chains that support Ocean v4.

The current OceanDAO financing mechanism also helps OCEAN's chances.

As part of its support for Web3 data economy efforts, the Ocean Protocol Foundation began awarding grants in October 2021 totaling $140 million.

With the lack of scientifically confirmed surveys for analyzing organizational health in the context of DAO contributors, OceanDAO has ended its sixteenth round of grant awards.

The sixteenth OceanDAO funding round has commenced, with 200,000 OCEAN tokens available. The deadline is April 5.

The addition of additional data partners to the Ocean Protocol ecosystem is a third factor contributing to OCEAN's overall good outlook.

Dimitra Technology is the newest partner with Ocean to help farmers use blockchain and data to boost harvests.

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The protocol also announced the launch of Ocean Shipyard, a resource for entrepreneurs looking to create open-source Web3 apps using the Ocean Protocol.