Solana Killer Aptos (APT) Jumps 8% as Market Falls, Here's Why

The exact reason for the rise remains unknown, as a glance through the official Aptos X page reveals no big announcement or upgrade that might have triggered the rise.

However, Aptos attracted attention over the weekend after Upbit, South Korea's largest cryptocurrency exchange in terms of trading volume and customer base, made an important announcement.stated that it temporarily suspended deposits and withdrawals for the APT token after confirming an abnormal deposit attempt.

The exchange subsequently resumed deposits and withdrawals but highlighted the possibility that"the price may change drastically when deposits and withdrawals resume." This is significant because South Korean crypto traders have a history of driving major token rallies. The region is the source of the so-called Kimchi Premium, which causes the price of Bitcoin on local markets to trade up to 30% higher than the price on global exchanges.

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Bitcoin (BTC) Dumps to 12-Day Low, Ripple (XRP) Slips Below $0.5 (Market Watch)Aptos (APT) is the only notable exception with a massive price surge today.
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Solana's Journey from Investment Contract to CryptocurrencyLearn about the evolution of Solana's native token, SOL, from its initial sale as a security to its status as a cryptocurrency.
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