Aptos pumped over 36% from $3.66 to $5.01, is it time for altseason?
This pumped happened in under 24 hours, drawing investor interest.
Around the same time, many old TRON wallets came back to life.
The crypto market seems to be heading into a steady recovery, with not just BTC and ETH prices rising, but with altcoins making significant gains as well. To highlight, the price of Aptos pumped over 36% from $3.66 to $5.01 in under 24 hours. This has ignited expectations for altseason to finally begin and ushering in the peak altcoin pump phase to secure several new altcoin ATH targets.
Aptos Pumped Over 36% From $3.66 to $5.01
The crypto market faced a couple of shaky weeks caused by a few reputed analysts selling all their crypto due to the rising conflict between Iran and Israel. When the US entered the battle, the escalation led to a steep fall in Bitcoin and Ethereum prices, leading to many retail traders panic-selling their assets. At the same time, strong hands and large financial institutions saw the dip as a golden opportunity and accumulated more crypto assets.
Presently, all thoughts of a bear market beginning due to geopolitical tensions have faded away as talk of war receded, with geopolitical tensions simmering down. In the wake of these events, crypto market prices are on the up and up again. Indeed, the price of BTC and ETH in particular seems to be experiencing a strong price surge, as the fact that many institutions bought the dip has propelled their price recovery.
https://twitter.com/esatoshiclub/status/1937588811124314474
What’s more exciting following this latest dip is that other altcoins also seem to be showing strong pumps. In detail, the altcoin Aptos (APT) has pumped over 36% in under 24 hours. As we can see from the post above, the price of APT pumped over 36% from $3.66 to $5.01 in less than 24 hours. According to CoinMarketCap analytics, the price of APT is currently sitting at $4.77, marking a pump of over 9.5%.
In addition, the post goes on to highlight what could have possibly been the cause of this sudden pump of over 35%. To highlight, the post draws attention to how the pump occurred after Aptos Labs and Jump Crypto announced Shelby, a decentralized cloud storage network built for Web3, AI, and DePIN apps. Responses to the post show that APT enthusiasts expect the price of APT to hit much higher targets soon.
Old TRON Wallets Come Back to Life
https://twitter.com/cryptoquant_com/status/1937516416187416998
Meanwhile, another source draws attention to how old TRON wallets are moving again. Specifically, a SOPR of 4.74 indicates that the coins spent were sold at 4.74 times their original cost, a 374% profit, suggesting the movement came from long-term holders’ wallets that have remained inactive for nearly two years. Could this mean that TRX price could pump exponentially soon, or will we have to wait for the altseason peak phase?
