Han Dong warms up! APT soars with the help of South Korea, venture capital Hashed: It is a meme coin
The emerging public chain Apotos (APT), based on the MOVE language framework, started to soar in the first month of 2023, rising from single-digit levels around $3 to briefly reach $20, more than sixfold increase. Thanks to the impressive performance on Korean exchanges, trading volume briefly surged to the top globally. Therefore, it is considered a trend driven by the Korean community.
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The emerging public chain Apotos APT, built on the MOVE language framework, skyrocketed starting from the first month of 2023, surging from a single-digit level of $3 to a peak of $20, more than sixfold. With impressive performance on Korean exchanges, its trading volume briefly rose to the top globally, believed to be driven by the Korean community frenzy.
Co-founder of the well-known Korean venture capital firm Hashed commented on this craze stating, "This is real, not a joke." APT is considered a meme coin in Korea, as the top asset category in Korea is real estate, specifically apartments.
Hence, retail investors jokingly refer to Aptos as "apartment," claiming that holding APT will one day enable them to afford an apartment.
Netizens also explain this pun:
APT = 앱토스 aebtoseu = 아파트 apateu = apartment
