This refers to a crypto investor taking a significant portion of their net worth and investing it in a relatively unknown coin or token in a reckless manner. When you "ape in," you tend to buy a project upon its release, conduct little-to-no research, and buy more than you can afford to lose (if the price falls). Aping in is done in the hopes of experiencing stratospheric gains; while this occasionally happens, those who "ape in" often experience heavy losses — sometimes losing their entire investment.
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