The post Why APX Finance (APX) Token Rises Over 120%? appeared first on Coinpedia Fintech News
What began as a simple token swap has exploded into one of the hottest rallies in crypto. APX Finance’s native token, APX, skyrocketed over 120% in just one day, hitting around $1.58. The surge drew attention as traders shifted from APX to ASTER, a new decentralized futures platform quickly gaining traction.
Token Migration Drives Massive Demand
APX’s recent rally is mainly driven by its 1:1 token migration to the new ASTER token. The swap is part of a merger that created Aster Finance, a platform aiming to deliver a stronger and more innovative futures trading experience.
Binance is backing the migration and plans to complete it by October 1, 2025, which has added even more trust among investors.
Adding to the buzz, whales also took advantage of the migration. One large trader swapped 2.47 million APX tokens, worth about $1.1 million, into ASTER. Within just two days, the value nearly doubled to $2.22 million, giving the whale a profit of $1.12 million.
APX Trading Volume Skyrocket
This strong momentum also showed in the numbers. However, APX’s trading volume jumped nearly 40% trading up around $74.45 million. At the same time, ASTER’s trading activity grew by 680%, reaching $458 million in daily volume.
Both tokens rallied sharply, with ASTER rising 117% in a single day and APX climbing over 120% to $1.58.
APX Token Price Analysis
APX is showing strong bullish momentum, but some signals point to caution. The Relative Strength Index (RSI) is now above 90, which means the token is in an overbought zone. Usually, such high RSI levels are followed by short-term corrections, so traders should be careful about possible pullbacks.
At the moment, APX is trading around $1.54 with a market cap of about $822 million. If the bullish trend continues, analysts believe APX could climb further, with a minimum target of $1.80 in the near term.
