A crypto trader who held APX through thick and thin has turned a $226,000 bet into more than $7 million. The massive windfall comes as APX surged to new highs, fueled by the launch of its long-awaited ASTER swap.
APX Investor Scores $7M After Explosive Rally
Arkham Intelligence data shows wallet 0x9d22 quietly accumulated 3.62 million APX tokens back in 2022. At the time, APX traded under $0.07. With prices now sitting near $1.95, the stash is worth more than $7.07 million.
The rally has been nothing short of explosive. APX jumped 120% in just 24 hours, briefly topping an all-time high of $1.98 on Sunday, according to CoinMarketCap. Its market cap has now climbed to $827 million, with daily trading volume near $79 million. Since its 2022 low, APX has gained nearly 8,000%, making it one of the strongest performers in the sector.
APX is the native token of APX Finance, a decentralized exchange that specializes in crypto derivatives. Built on BNB Chain and Arbitrum, the platform offers order book trading and on-chain perpetuals with leverage up to 1001x. It also provides stablecoin-heavy pools, giving liquidity providers a chance at high yields.
After holding $APX for 2 years, this diamond hand turned $226K into $7.07M!
0x9d22 spent $226K to buy 3.62M $APX 2 years ago, which is now worth $7.07M.https://t.co/aUiXwFghM9 pic.twitter.com/kl89bCJb3C
— Lookonchain (@lookonchain) September 21, 2025
ASTER Swap Ignites Frenzy and Fuels Demand
The breakout came after APX holders gained access to the long-awaited ASTER swap. The upgrade opened on Wednesday, giving early swappers better rates. The exchange ratio declines over five time periods, creating urgency for holders to move quickly.
DAO stakers also got a boost. Starting Tuesday, they were able to unlock their positions without penalty and swap under the same terms, according to Arster’s announcement. All DAO rewards had already ended, pushing more investors toward the swap.
The excitement carried over to Aster’s ecosystem. The project’s total value locked briefly spiked above $2 billion before settling near $545 million. Trading activity also exploded, with $434 million logged in a single day. That put Aster among the busiest DeFi derivatives platforms, although it still lags behind rival Hyperliquid in open interest and volume.
Binance-linked YZi Labs helped incubate the project, while BNB Chain offered technical and marketing support. Backers now call Aster the leading perpetual DEX on the chain. With APX soaring and ASTER gaining traction, investors are watching to see if this rally marks the start of a longer bull run.
— YZi Labs (@yzilabs) November 28, 2024
