The trading price of ApeCoin surged by 65% in the last 24 hours, reaching $1.23.The surge in price is attributed to the launch of a new protocol on ApeChain, enabling the exchange of stablecoins and various crypto assets.ApeCoin's trade volume increased rapidly, placing it among the top 100 crypto assets based on trade volume.The rally has sparked interest from retail and institutional investors, indicating potential for further growth within the ApeChain ecosystem.