DailyCoin
Published Jan 26, 2023 08:40AM ET
Updated Jan 26, 2023 10:00AM ET
Aptos (APT) Faces Scam Allegations as It Surges 420% in a Month
The newly-surfaced Layer-2 solution made waves by skyrocketing 420% in the last 30 days. As the bullish sentiment continues since the beginning of the new year, Aptos (APT) is the unmistakable top gainer of the week, being the only altcoin that grew by triple digits.
On top of that, the flagship breakout this week after the Binance news catapulted Aptos by another 48%. Binance added liquidity pools in relation to the new altcoin – APT/USDT and APT/BTC. Thus, the push by Binance added more bullish sentiment for the already thriving cryptocurrency, making it the top gainer of the day.
.tweet-container,.twitter-tweet.twitter-tweet-rendered,blockquote.twitter-tweet{min-height:261px}.tweet-container{position:relative}blockquote.twitter-tweet{display:flex;max-width:550px;margin-top:10px;margin-bottom:10px}blockquote.twitter-tweet p{font:20px -apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif}.tweet-container div:first-child{ position:absolute!Important }.tweet-container div:last-child{ position:relative!Important }
$APT Charts Never Lie..+48% Profit so far Since Pennant Breakout..#Crypto #Aptos #APTUSDT https://t.co/7bVmSunQ6Y pic.twitter.com/vcXXVGr3Ug— Captain Faibik (@CryptoFaibik) January 26, 2023
Interestingly, the unexpected rise of Aptos has been blasted by a substantial number of crypto investors on Twitter, alleging that the new crypto is “scam pumping.” In contrast, others complain about the Aptos blockchain itself, claiming it barely even works.
Moreover, the technical difficulties surrounding Aptos aren’t something new. Indeed, crypto enthusiasts spotted many bugs in the system during the launch in October 2022. The new cryptocurrency was heavily endorsed by the notorious Sam Bankman-Fried and Alameda Research.
Finally, there are a lot of crypto traders who believe that APT is fully controlled by its developers. Therefore the market price of $APT can be easily manipulated. Allegedly, the Aptos unlock schedule is coming up in 17 days. In such a case, the unlocked APT would most likely cause a market price plunge, and the retail investors would have to soak it up.
See how the scams and scammers work? This is the Aptos unlock schedule coming up in 17 days and this scammer started shilling it to dump on retail! #Scam #Scammer!! https://t.co/ttSGFEEIhw pic.twitter.com/cZoDdD57C1Get The News You WantRead market moving news with a personalized feed of stocks you care about.Get The App— ₳Σ - $saint (@CardanoSaint) January 26, 2023
At press time, the #28th ranked Aptos is priced at $18.41, according to CoinGecko. The controversial crypto made a name for itself by soaring from $3.46 on January 1st, 2023, to a new all-time high of $19.39 nine hours ago.
Ultimately, Crypto Twitter is divided about the reputation of APT. Still, the fresh altcoin has already surpassed well-established cryptos like Stellar (XLM), Apecoin (APE), and Bitcoin Cash (BCH) by global market capitalization.
The surge of APT’s increased public interest in crypto brought new retail investors and tested out a new coding language.
Read the latest altcoin news:
Cardano Founder Addresses Momentary “Blip” of Cardano Nodes
Solana up 24% – BONK Enthusiasm or Sustainable Growth?
See original on DailyCoin
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.