- At press time, Aptos (APT) was trading around $13.56, down 3.4% over the past 24 hours.
- Despite today’s dip, APT has gained roughly 249.1% over the last 14 days.
- The Aptos NFT marketplace Topaz is experiencing a surge in activity.
Even with the recent pullback, the price of Aptos has climbed nearly 250% in the past two weeks. This rally comes amid a broader crypto market recovery, despite ongoing challenges in the sector and isolated bankruptcies among some projects. Many market participants are positioning for a continued bull run into the year.
Aptos (APT) chart showing price surge. Source: TradingView
Just last week, Aptos traded near $7, and in November 2022 it was around $3—meaning the token has gained more than 300% since last November. The move appears driven largely by demand in spot markets, while futures activity has remained relatively subdued.
Factors pushing the price of Aptos up
While Aptos’s rally aligns with the general crypto recovery since the start of the year, the dramatic 249% increase in two weeks has prompted questions about the underlying drivers. Below are key factors that appear to be contributing to the recent price surge.
Foremost among these is growing activity on Topaz, Aptos Labs’ native NFT marketplace. Increased trading and higher floor prices for popular collections have drawn attention and capital to the Aptos ecosystem.
Data from Topaz show that collections such as Aptomingos and Aptos Monkeys have recorded tens of thousands in trading volume, and individual NFT prices within these collections have been trending upward. This NFT momentum has helped attract new users and traders to the network, supporting demand for APT.
Alongside increasing on-chain activity, several traders and market observers note that flipping—rapidly buying and reselling NFTs for short-term gains—has become more common. This speculative interest has amplified trading volumes and contributed to greater visibility for Aptos projects.
In summary, Aptos’s recent price surge reflects a combination of broader market recovery and concentrated interest in its NFT ecosystem, especially activity on Topaz. Continued NFT trading, new collection launches, and speculative flipping could keep momentum strong in the near term, though market volatility remains a significant risk.