A crypto investor turns $226,000 into over $7 million with APX’s explosive rally. Wallet 0x9d22 amassed 3.62 million APX tokens in 2022, now valued at $1.95 each. APX surged 120% in 24 hours, hitting an all-time high of $1.98. The token’s market cap is now $827 million, up 8,000% from its low.

APX surges after enabling token swap to ASTER. Holders can now exchange for ASTER, the Aster protocol’s native token. The exchange window opened with decreasing swap rates to incentivize quick action. APX DAO stakers can swap recovered tokens penalty-free. All DAO rewards concluded last week.

Aster’s TVL briefly hit $2 billion post-APX token launch before dropping to $545 million. The debut boosted trading volume, reaching $434 million in 24 hours. YZi Labs, linked to Binance, incubated Aster and its predecessor, Astherus. BNB Chain called Aster the top perpetual DEX on the chain, receiving mentorship and support.

Read more at Cointelegraph: APX Holder Turns $226K Into $7M Amid ASTER Swap Surge