ApeX Protocol Completes Week 9 Buyback with $663K Purchase
ApeX Protocol Completes Week 9 Buyback with $663K Purchase
🦍 Week 9 buyback
ApeX Protocol executed its ninth consecutive weekly buyback, purchasing $663K worth of APEX tokens (921,618 tokens) and locking them for three years.
Key Details:
- All purchased tokens sent to Gorilla Bid Fund address
- Transaction verified on-chain via Arbitrum
- Part of ongoing commitment to allocate 50% of weekly revenue to buybacks
- Continues systematic token supply reduction strategy
Buyback Program Progress:
- Total buybacks to date: $9.625M worth of APEX tokens
- Reserve funds remaining: $8.25M available for future purchases
- Lock period: All tokens secured for 3-year minimum
The protocol maintains its weekly buyback schedule at randomized intervals to prevent front-running. This marks the latest execution in ApeX's commitment to reduce token supply and build long-term value for the community.
Platform updates dropped this week 🦍 This week's update article: apex.exchange/blog/detail/pl… One-click features, market expansions, AI Arena insights, and partnerships incoming. Here's what shipped🦍⛵️
Gorilla Bid Fund keeps eating 🦍 Another week, another $1.3M locked away forever. Breakdown: Week's revenue cut: $804K (50% of fees) Reserve tap: $500K Total buyback: $1.304M in $APEX bought and locked Reserves status: $8.25M ready to deploy All tokens locked for 3 years in
🦍 7th buyback done 🦍 $580K bought and locked. 50% of this week's $1.16M in fees, straight to the Gorilla Bid Fund. Locked 3 years. What's left in the $12M reserve: $8.25M. Verify on-chain: 🔸 arbiscan.io/tx/0x3c5b2db0b… Same deal, every week. Keeping our promise to this
6th buyback executed 🦍💰 $705K from this week's revenue bought and locked, that's our 50% commitment on the $1.41M in fees we generated. Same promise to our fam, every week. What's left in the$12M reservce: $8.25M. Everything locked 3 years, verified on-chain: 🔸
Gorilla Bid Fund just hit another one 🦍💰 Week 4 buyback done: $1.27M bought and locked. Here’s how it broke down: This week’s haul: - 50% to buybacks: $772K from this week’s revenue - Tapped the reserves: Another $500K deployed - Total execution: $1.27M bought off the open
Apex “Gorilla Bid Fund” weekly update: $2,000,000 in buybacks completed! This week’s buyback breakdown: Past 7 days revenue: $2.427 million total generated - 50% commitment: $1.25 million allocated to buybacks (executed over 3 days) - Additional deployment: $750K from
Gorilla Bid Fund just hit another one 🦍💰 Week 5 buyback done: $1.175M bought and locked. This week’s haul: $675K from this week’s revenue Tapped the reserves: Another $500K deployed Total execution: $1.175M bought off the open market What’s left in the reserve tank: $8.75M
Apex “Gorilla Bid Fund” weekly update: $1,105,000 in buybacks completed! 🦍💰 This week’s buyback breakdown: - Past 7 days revenue: $1.21 million total generated - 50% commitment: $605K allocated to buybacks - Additional deployment: $500K from previously generated fees - Total
Week 9 buyback done 🦍 $663K worth of $APEX (921,618 token) bought and locked. Weekly revenue flowing into buybacks like clockwork. We commit to our promise to the ApeX fam no matter what. Verify on-chain: 🔸 arbiscan.io/tx/0x774807a76… The buyback season continues, we keep
ApeX Omni Enables Direct Fiat Deposits to Private Wallets Without KYC
ApeX Omni has expanded its fiat deposit functionality to support **EOA (Externally Owned Account) wallets** on both web and mobile platforms. **Key Features:** - Deposit fiat currency directly to private wallets like MetaMask - No KYC requirements within specified limits - Access to trading across multiple asset classes including crypto, stocks, commodities, and prediction markets **Payment Methods:** - Bank cards - Apple Pay - Google Pay - Support for 40+ currencies This update builds on ApeX's recent fiat integration launched earlier in July, making it easier for users to fund trading accounts without going through centralized custody solutions. Learn more at [apex.exchange](https://apex.exchange)
ApeX Omni adds CASHCAT memecoin trading and Event Trade feature
ApeX Omni rolled out three updates this week: - **CASHCAT trading**: Robinhood's community-owned memecoin now available with up to 50x leverage, on-chain and KYC-free - **Event Trade on H5**: New feature launched on mobile web platform - **KORUUSDT delisting**: Temporarily removed due to underlying stock split; trading will resume once pricing normalizes The CASHCAT listing follows recent platform improvements including KYC-free fiat deposits and the addition of TradFi perpetuals (SOXL, KORU) with 24/7 trading. [Full details](https://www.apex.exchange/blog/detail/weekly-updates-20july)
ApeX Protocol Turns $3.76M Liquidation Event Into Vault Returns
**ApeX Protocol's vault system transforms liquidation events into user returns** July's largest liquidation event on ApeX Omni generated $3.76M in liquidations, with the resulting fees flowing directly into the protocol's Insurance & New User Vault. This mechanism allows vault participants to earn returns from liquidation activity. **Key details:** - Liquidation fees are automatically distributed to vault holders - Protocol Vaults launched in June with APY exceeding 55% - Returns are powered by liquidation fees collected across the platform - Vaults offer strategy-backed, risk-managed passive earning opportunities The vault system represents a shift in how liquidation events benefit the broader protocol community, rather than just the liquidators themselves. [Learn more about Protocol Vaults](https://www.apex.exchange/blog/detail/Protocol-Vaults-for-New-Users)
ApeX Omni Temporarily Delists KORU Trading Pair Due to Stock Split
**ApeX Omni has temporarily delisted $KORUUSDT** due to a stock split affecting the underlying asset. **Key Timeline:** - New positions suspended: July 15, 2026, 03:00 UTC - Contract delisting: July 15, 2026, 05:00 UTC **Reason for Delisting:** Partner platforms suspended trading during the stock split, causing the index price to deviate from fair market value. This temporary measure ensures accurate pricing for traders. **What's Next:** Trading support will resume once the stock split completes and pricing normalizes. The platform apologizes for the inconvenience. This follows ApeX's recent delisting of all Prediction Contract trading pairs in June 2026, showing the platform's commitment to maintaining market integrity.
🐱 CASHCAT Memecoin Now Trading on ApeX Omni
Robinhood's community-owned memecoin CASHCAT is now available for trading on ApeX Omni, a decentralized exchange. **Key Details:** - Trading available with up to 50x leverage - On-chain trading with no KYC requirements - Access to deeper liquidity on Robinhood Chain for improved pricing - Available alongside tokenized stocks and other memecoins The listing expands trading options for the community-driven token across multiple platforms, including integrations with Curve Finance and OpenOcean. [Trade CASHCAT on ApeX Omni](https://omni.apex.exchange/trade/CASHCATUSDT) [Trade on OpenOcean](http://app.openocean.finance)