APX (APX) fell 17.88% in 24 hours

Gate News Bot message, September 26, according to CoinMarketCap data, as of the time of writing, APX (APX) is currently priced at $1.87, having fallen 17.88% in the last 24 hours, with a high of $2.42 and a low of $0.55. The current market capitalization is approximately $998 million, a decrease of about $217 million compared to yesterday. Currently, APX ranks 205th in global Crypto Assets market capitalization.

Important news about APX recently:

1️⃣ APX has completed a 1:1 migration to ASTER ApolloX (APX) tokens have been migrated to Aster (ASTER) at a 1:1 ratio. Gate has completed the exchange of old and new tokens and will launch trading services for Aster tokens on September 19, 2025. After this migration, the total supply of tokens has decreased from 10 billion to 8 billion, which may have increased scarcity and affected the market supply and demand relationship.

2️⃣ Long-term holders gain significant returns Multiple long-term holders of APX have achieved considerable gains. For example, some investors purchased APX two years ago at a price of $0.06, and its value has now risen to $5.62 million. Additionally, another investor who bought APX nine months ago has seen a return of 14 times. These success stories may have attracted the attention of more investors.

3️⃣ Large-scale capital flow The market has observed several large transactions, indicating that there may be institutions or large investors participating in the APX market. For example, a multi-signature wallet from the Aster project recently transferred APX worth $132 million. At the same time, some large holders have recently taken profits, such as a whale who sold 9.07 million APX within four days, exchanging it for $2.27 million.

From a technical perspective, the APX price has experienced significant fluctuations in the short term, first with a substantial increase followed by a pullback. Currently, the 24-hour fall is 17.88%, which may be due to some investors choosing to take profits, resulting in an increase in short-term supply. At the same time, the significant fluctuations in market capitalization also reflect the instability of market sentiment.

This message is not intended as investment advice; investors should be aware of market volatility risks.