What's in a Name? Apricot Finance's Token Surges on Similarity to Aptos Token's Ticker

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An unintended ticker name anomaly caused the tokens of Apricot Finance to surge some 70% in the past 24 hours. By shauryamalwa

An unintended anomaly caused the surge instead. Apricot Finance’s APT tokens – which surged some 70% in the past 24 hours – share the same ticker as Aptos’ native APT tokens.on major crypto exchanges Binance and FTX.

That didn’t stop traders from taking bets on the existing APT. Trading volumes on Apricot’s APT jumped from under $70,000 on Monday to over $2.2 million on Tuesday afternoon, with prices continuing to increase at writing time. The tokens are traded on Gate and LATOKEN, two medium-tier crypto exchanges.no increase in the Total Value Locked Meanwhile, some community members warned others from buying into the hype. “Keep buying the wrong one,” said one member on the CoinMarketCap forum.

As such, there’s a long way to go for APT holders: the token prices are down over 95% from last year’s peak of 30 cents, a time when platform TVL was $300 million.

 

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shauryamalwa I don't undertand why everybody coveriing thiis triick from us

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