Analyst Has Come Up With A New Theory About The Reason For Aptos (APT) Rally Up 500 Percent In A Month!

Chinese journalist Colin Wu, in his statement, has been one of the favorites of recent times. altcoin Aptos (APT) He came up with an interesting theory about the rally.

Analyst: South Koreans Pumping Aptos (APT)

South Korean prone to Pump and Dump events behind the Aptos rally, according to Wu cryptocurrency investors may be involved.

The analyst stated that APT local trading pairs on South Korean exchanges even surpassed the volumes in trading pairs on Binance:

“The recent increase in APT may be related to over-buying in the Korean community. The 24-hour trading volume of local trading pair APT/KRW on Upbit, South Korea’s largest exchange, reached $566 million, surpassing Binance’s multiple trading pairs combined.”

The analyst also noted that pumping altcoin prices has long been popular in South Korea:

“Pumping altcoins is also a habit in the Korean community.”

In addition, the analyst pointed out that Aptos representatives pay special attention to South Korea:

“Aptos officials attach great importance to South Korean society. The project published its white paper in Korean as the only language other than English. He plans to launch a global hackathon, the first one in Seoul. Korean companies Hashed, Hive and YG are among the investors of Aptos.”

With the recovery of the crypto money market, one of the most talked about altcoins was APT. APT has risen from $3.2 at the beginning of this month to $18.11 at the time of this writing.

*Not investment advice.