APX God-level "diamond hand" born: after two years waiting for ASTER Token exchange, the return rate exceeds 3000%

A cryptocurrency investor demonstrated incredible "diamond hand" patience by steadfastly holding onto APX Token during the market downturn, ultimately transforming an initial investment of $226,000 into over $7 million in wealth. This astonishing investment return story occurred at the time of the APX Token exchange to ASTER, providing a rare long-term holding success case for the crypto market and offering valuable insights for investors.

From 226,000 to 7 million: The success journey of the "diamond hand"

(Source: Arkham)

According to data from the blockchain analysis platform Arkham Intelligence, the wallet address 0x9d22 accumulated 3.62 million APX tokens in 2022 through a series of exchanges and transfers. At that time, the trading price of these tokens was below $0.07, with a total investment amount of approximately $226,000.

With the current trading price of APX reaching around $1.95, the value of this investor's holdings has skyrocketed to an astonishing $7.07 million, achieving an investment return of about 3000%. This success story highlights the potential returns of a long-term holding strategy in the crypto market, while also showcasing the importance of maintaining faith during market downturns.

The explosive growth of APX

The APX Token has experienced an astonishing increase of over 120% in the past 24 hours, briefly reaching an all-time high of $1.98 on Sunday. This strong surge has pushed its market capitalization to $827 million, with a daily trading volume of $79 million. Even more impressively, the token has risen nearly 8000% from its historical low in 2022.

This explosive growth is not a coincidence. APX is the native Token of APX Finance, a decentralized exchange for crypto derivatives built on the Arbitrum network, offering an order book and on-chain perpetual trading with leverage of up to 1001 times. The platform also creates high-yield opportunities for liquidity providers through stablecoin-dominated liquidity pools, attracting a large number of investors to participate.

ASTER Token Exchange: The Catalyst for Price Surge

The recent price surge of APX is mainly attributed to the highly anticipated token upgrade plan. APX holders can now exchange their tokens for ASTER, which is the native token of the Aster protocol. This exchange mechanism is cleverly designed to offer better exchange rates for early participants.

The exchange window opened last week, and the exchange rate decreases over five time periods. This design cleverly incentivizes holders to act immediately. According to Aster's announcement, APX DAO stakers can begin to unlock their positions without penalties and exchange the tokens they have recovered under the same conditions. All DAO rewards ended last week.

This token exchange mechanism not only provides substantial returns for early investors but also brings a large number of new users and liquidity to the Aster protocol, creating a virtuous cycle.

Aster's explosive growth and market position

The Aster protocol has shown remarkable growth momentum after launching its native Token. Its Total Value Locked (TVL) briefly surpassed 2 billion USD, although it later fell back to 545 million USD, it still remains at a relatively high level. As of September 22, the trading price of the ASTER Token is 1.46 USD.

The token's debut has driven a surge in trading volume, with Aster recording $434 million in trading volume within 24 hours, making it one of the most active DeFi derivatives platforms. Although it still lags behind competitor Hyperliquid in terms of trading volume and open interest, its growth rate and market acceptance are impressive.

Support and Incubation of Major CEXs

Aster's success is backed by strong support. The large CEX affiliated YZi Labs previously incubated Aster and invested in its predecessor Astherus. A CEX spokesperson confirmed that Aster received guidance, exposure, and technical support through this program, referring to it as a top-tier on-chain perpetual DEX.

This institutional support not only provides Aster with technical and resource advantages but also enhances market confidence in it, further driving the value growth of APX and ASTER Tokens.

Investment Insight: The Power of Patience and Timing

The success story of this "diamond hand" investor provides several important insights for participants in the crypto market:

· The Power of Holding Long-Term: Staunchly holding quality projects during market downturns can yield astonishing returns.

· Importance of Research: It is crucial to have an in-depth understanding of the project's fundamentals and development roadmap.

· Seize key opportunities: Major events such as token upgrades and exchanges can be catalysts for value release.

· Risk Management: While this is a success story, investors should remember that not all projects can achieve such remarkable growth.

This case also demonstrates the immense potential of the decentralized finance (DeFi) space, particularly in derivatives trading and liquidity provision. As more innovative projects arise and mature, similar investment opportunities are likely to continue emerging.

For those who missed the early investment opportunity in APX, this story reminds us that the crypto market is still in a relatively early stage, and there may be similar opportunities in the future waiting for patient and insightful investors to discover.