Aptos Sets New All-Time Highs; Here Is What To Know on Meme Tokens THE and DIE Created After Vitalik Buterin’s Tweets

One of the newest cryptocurrencies, Aptos (APT), is attracting a lot of attention and has seen significant trade volume in just a few days. According to CoinGecko, as of Friday afternoon, APT, the native token of the Aptos blockchain, had completed at least $1.3 billion in volume since its first full trading day on Wednesday.

APT, the native token of the Aptos blockchain, was trading at $8.68 at the time of publication, up 18% in the last 24 hours. On October 22, APT reached a new all-time high of $9.23.

On Monday, October 16, the Aptos blockchain launched its mainnet. The project subsequently received a lot of criticism for the lack of transparency surrounding its tokenomics—the specifics of the cryptocurrency’s economic model and distribution. This is due to venture capital companies holding 51% of the APT supply.

The company responded to criticism on Twitter by confirming the details of its token distribution that had leaked. APT then experienced a nearly 40% decline.

In the run-up to its launch, APT was dubbed the “Solana [SOL] killer,” but in the early going, it was difficult to achieve its promise of over 100,000 transactions per second.

The Silicon Valley-based Aptos Foundation team claims that it took four years for APT to be created. This was made known in the Medium post that was made public on October 17. According to the Foundation, Aptos created the initiative so that more individuals could access decentralized applications (DApps).

Here Is What To Know About Meme Tokens THE and DIE

A new class of meme tokens developed this week has paid out multiples to early investors, with the market valuation in certain instances exceeding $50 million. THE, which as of Friday afternoon had over 5,000 holders and had witnessed almost $10 million in on-chain trading volume, is one of the most actively traded tokens on the decentralized exchange Uniswap.

THE was developed in response to Vitalik Buterin, the co-creator of Ethereum, tweeting, probably in jest, “Someone should make a project called “THE Protocol,” so that their shills can say “Look, so-and-so mentioned THE!” pretty much any time anyone says anything.”

This was followed by further articles like THIS, THEY, and THAT, all of which have numerous iterations on blockchains like Ethereum, BNB Chain, Solana, and others.

Following Buterin’s statement, Twitter users correctly noted that such tokens were likely on the way. And the prophecies came true: THE tokens were created and floated on Uniswap.

THE has increased by nearly 1,000% recently, and another by 800%. The pundits even began to wager on “DIE” throughout that process, with some DIE tokens attracting hundreds of millions of dollars in liquidity.

In January, opportunistic players leaped at the possibility to profit from a dormant cryptocurrency market and Grimacecoin tokens produced in response to a humorous tweet about McDonald’s spiked as high as 285,000% in a matter of hours. Soon after, the excitement subsided, with almost every GRIMACE dropping by 99% in the weeks that followed.

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