Shortly after Elon Musk’s tweet, total Aptos token trading volume reached $460 million. On the technical charts, APT is forming a bullish pattern and could move higher.
In an interesting development, Aptos Token (APT) got an unexpected boost from the world’s second richest man, Elon Musk. In one of his cryptic tweets, which he later deleted, Elon Musk mentioned “AI” and “APT” and drew a lot of attention from the cryptocurrency community.
This was enough to send the price of the Aptos (APT) token soaring by more than 10%, hitting a new 30-day high above $13.68.At the time of writing, the Aptos (APT) token is currently transaction The price was $12.88 and the market capitalization was $2.4 billion, up 9.53%. Total trading volume in the last 24 hours reached $460 million.
Note that Elon Musk’s tweet that read “AI APT OTT!” was not clearly labeled. But it was enough that the crypto community caught the idea that investors were rushing to invest in the crypto token APT. Within minutes of the tweet, the value of Aptos (APT) skyrocketed with investors looking for the same profit. Interestingly, one of the users asked Elon Musk why he deleted the tweet. Here’s what he had to say.
AI understood the meaning
— Elon Musk (@elonmusk) April 14, 2023
Aptos cryptocurrency has been in the news since early 2023. Despite this current price surge, the native APT token is trading at a 33% discount from the all-time high of $19.92 reached in January 2023.
Unlocking Aptos Tokens
Millions of Aptos Tokens (APT) were unlocked this week on April 12th, significantly increasing market supply. The estimated price of unlocking the Aptos (APT) token was $50 million. However, despite this unlocking, a staggering 84% of the total supply of Aptos (842.74 million APTs) is still locked. The next unlock of APT tokens is scheduled for 27 days.
Elong Musk teasing digital assets is nothing new. Earlier this month, we saw how he fueled his Dogecoin (DOGE) rally by changing his Twitter logo to a Shiba Inu “Doge” meme. Therefore, much of the crypto community dismissed his Aptos (APT) teasing as “just Elon stuff.”
more profits on the horizon or $APT https://t.co/zhbtJtvLUM
— Ali (@ali_charts) April 14, 2023
In the current price action, Aptos (APT) has set a bullish pattern on the technical charts. Crypto analyst Ali Martinez said there could be even more benefits for APT token holders.
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![Bhushan Akolkar](https://www.coinspeaker.com/wp-content/themes/cs/images/team/bhushan-profile-photo-01.jpg)
Bhushan is a FinTech enthusiast and has a great knack for understanding financial markets. His interests in economics and finance focus on the emerging blockchain technology and cryptocurrency market. He is in a continuous learning process and keeps himself motivated by sharing what he has learned. In his free time, he reads thriller novels and sometimes develops his cooking skills.