Aptos (APT) Jumps 11% Following Acquisition Of Japanese Blockchain Developer HashPallette
Aptos (APT) surged over 10% in 24 hours after Aptos Labs announced the acquisition of Japanese blockchain developer HashPallete. This acquisition aims to enhance Aptos' presence in Asia by migrating HashPallete's Palette Chain to the Aptos Network, providing access to its security and developer tools. The migration is expected to be completed by early 2025, coinciding with the EXPO2025 DIGITAL WALLET. Following the announcement, APT's price rose to $8.66 before settling at $8.51, marking it as the top gainer among the top 100 cryptocurrencies. APT recorded a 7.5% increase weekly and 41% monthly, with a daily trading volume of $769.6 million. Analysts noted APT's strong performance and potential for continued growth, with key resistance at $9. Historical patterns suggest APT may follow SUI's trajectory, indicating a possible rally in the coming weeks.
