[ad_1]
Aptos token has quadrupled in price in just one month. Here are the success secrets behind the most profitable cryptos of the month:
The Aptos token, APT, became the most profitable crypto asset among the 100 largest cryptocurrencies by market capitalization in January, according to CoinMarketCap rankings. A blockchain created by a descendant of Meta, aka the ex-Facebook, gained fame as the “Solana Killer”. However, initially everyone thought it was about niche and technology, but the token price action made it happen.
Aptos has become a true sensation in 2023. Its token price has risen from $4 to $20 at its peak, creating a frenzy comparable to what Solana has shown in 2021. Such strong price action increased APT’s market cap by over $2 billion. If all his Aptos tokens hit the market, it would now be the 7th largest cryptocurrency.
Aptos (APT) Success Secrets
Like its predecessor, the success of the Aptos token in January is likely due to the fact that 97% of the offering in circulation was in the wallet of a concentrated investor group spanning 20 addresses. Therefore, there is good reason to believe that the APT price hike was due to collusion.
6.
Top 20 holders $APT
Top 20 holders of holds totaled 155,576,835 $APT($2.76B), accounting for 15.3% of total supply and 97.1% of circulating supply. pic.twitter.com/EeCbAXu77T
— Lookonchain (@lookonchain) January 27, 2023
But at Solana, Sam Bankman-Fried has done this with the dark magic of market making.
This collusion may have been further monetized by the greed of private investors, especially those of the Upbit crypto exchange, when APT trading volumes on major South Korean exchanges surpassed all imaginable values. there is.
[ad_2]
Source link
