Bitcoin It’s down about 1% today after going back to just above $41,000. This offset some of the gains earlier this month. But there’s still a major left altcoin Behavior in the market.
Native APT on the Aptos blockchain is currently trading at $8.91 per coin, up more than 15% in 24 hours, according to CoinGecko.
This surge follows the unlocking of 24.8 million APT tokens today, worth over $200 million distributed to early investors and core network contributors. The timing is curious, considering unlocking tokens, which means more tokens can now be traded, is generally considered a bearish indicator.
The project was founded by developers involved in Meta’s Diem blockchain, and has recently seen increased investor interest following a partnership with Microsoft in August.
Meanwhile, Cosmos (ATOM), a project that aims to create an “Internet of Blockchains” by improving interoperability, also gained significantly. The token has risen over 19% and is currently priced at $11.80.
And KuCoin (KSC) soared 19% in the past day. The native token of a major cryptocurrency exchange rose on news that the company had blocked a New York user from its platform and agreed to pay $22 million to settle an SEC lawsuit.
Among major coins and tokens, Avalanche continues to perform well. This morning, the blockchain’s native AVAX coin surpassed Dogecoin (DOGE) to become the 10th largest cryptocurrency by market capitalization. It is currently trading at $37.65, up more than 6% for the day.
Investment bank giant JP Morgan said last November that it had tokenized its portfolio using the Avalanche blockchain, increasing funding and interest in the project.
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