đ Aptos (#APT ) Price Shoots 12% As TVL Hits $920M New All-Time High
â Aptos price surged 12% following the launch of a $1.5 million staking reward pool at MEXC.
â APT price is primed to extend gains by 76% to hit $19 as social volume surged 126% in the last 24 hours.
â Aptos total value locked (TVL) surged to an all-time high of $920 million.
Aptos price has made headlines with a significant 12% price surge, driven by a spike in staking activity on the MEXC exchange. The prominent Layer-1 blockchain has caught the attention of investors as this recent increase has pushed it above crucial resistance levels on its daily chart. Additionally, Aptosâ decentralized finance (DeFi) ecosystem has reached a new milestone, with its Total Value Locked (TVL) hitting an all-time high of $920 million. This combination of strong staking demand and DeFi growth has positioned Aptos for continued bullish momentum.
The APT price today is $11.05, which represents an 8.6% increase in the last 24 hours.
MEXC Staking Surge Fuels 12%Â Surge in Aptos Price
The primary catalyst behind the recent APT price increase is the surge in staking activity on the MEXC exchange.Â
Staking allows investors to earn rewards by locking up their tokens, which reduces the circulating supply and can drive up the price. The increased demand for staking Aptos on MEXC has created upward pressure on the price.
Traders on MEXC will share in a $1.5 million reward pool for staking their APT tokens with up to 20% APR if they lock the tokens for 30 days.Â
The Aptos price spike marks a notable recovery from its recent low of $9.61 last week. However, the broader crypto market is down 3.3% after the Bitcoin (BTC) price showed weakness around and dropped to the $66,000 level.
Whatâs Next For APT Price?
The Aptos price chart shows a strong upward trend from the lows around $5.50 in September, with a series of higher lows and higher highs. The recent price action has broken above key resistance around $9.00, confirming bullish momentum.
