A crypto investor who bought $ 226,000 worth of APX two years ago now sitting over $ 7 million, thanks to the APX explosion this week.
According to Data From Arkham Intelligence, Wallet 0x9D22 accumulated 3.62 million APX tokens in 2022 through a series of swaps and transfers. At this time, the token traded below $ 0.07. With APX now walking around $ 1.95, the same stash costs $ 7.07 million.
The APX climbed over 120% in the past 24 hours, briefly handle a full time $ 1.98 on Sunday, according to data from CoinMarketCap. The rally pushed its market cap to $ 827 million, with a day -to -day hit of $ 79 million. The token is up to about 8,000% from all times less than 2022.
APX is the native token of APX Finance, a Decentralized exchange For Crypto derivatives In the BNB and Arbitrum chain, the order book and onchain offer ongoing trading with up to 1001x action. It also provides high yield opportunities for liquidity providers through stablecoin-heavy LP pools.
Related: CZ sounds alarm while the ‘seal’ team does not see 60 fake IT workers linked to North Korea
APX has fallen after the Aster’s token swap is live
The recent price spike follows the launch of a highly expected token upgrade. APX holders can replace their tokens for aster, the native token of aster protocol.
The exchange window was opened on Wednesday, with the first participants rewarded with better replacement rates. The exchange ratio refused five hours of time, indicating immediate action.
According to Aster’s announcementThe APX DAO Stakers were able to unlock their positions without penalty starting Tuesday and exchanging their recovered tokens under the same terms. All DAO’s rewards ended last week.
Related: ‘Diamond Hand’ investor turns $ 1k to $ 1m while BNB leads to $ 1,000
Aster’s TVL shines at $ 2 billion
As Cointelegraph reported, Aster briefly crossed $ 2 billion in total amount locked (TVL) After the folk token was launched, APX, before the fall to $ 545 million.
The token debut has set up a trading volume, with an aster that swings $ 434 million in 24 hours, making it one of the most active platforms of the DeFi derivatives. However, it still attaches the Hyperliquid rival, boasting higher volume and open interest.
Binance associated with Yzi Labs previously napawaw elaborate Aster and invested in its predecessor, astherus. A BNB chain spokesman confirmed that Aster received mentorship, exposure and technical support through the program, and called it the leading eternal Dex in the chain.
