APEX Token: To the Moon…Or a Black Hole? 🚀

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Right then. The APEX token, a digital doodad of some description, has decided to have a bit of a fling with the upward direction. A 600% jump, you say? That’s… enthusiastic. It’s 2025, and apparently, these “decentralized perpetuals exchange tokens” are all the rage. Who knew?

However, naturally, because nothing is ever allowed to be simple, a gaggle of analysts are peering suspiciously at the whole affair. Something smells faintly of mischief and possibly insider dealings. Possibly. 🤔

Why Is ApeX Protocol’s (APEX) Price Suddenly Interested in Becoming a Star?

For the uninitiated (and let’s be honest, who *isn’t* uninitiated when it comes to these things?), APEX is the official token of the ApeX Protocol – a sort of digital bazaar for derivatives. It’s been knocking about for a while, peaking at a rather modest $3.83 back in May 2024.

It’s had its ups and downs, naturally, like a caffeinated bumblebee. But last week’s jump? Oh, that was a proper bounce. September 26th saw APEX leap from $0.53 to $1.92, a move apparently instigated by a collaboration announcement with Mantle and Bybit. A bit like teaming up with a blacksmith and a baker to launch a rocket. Makes perfect sense. 🤷

The perp dex scene is heating up!

We’re in the kitchen with @Mantle_Official @benbybit, and something big is on the menu. It’s time to cook. 👨‍🍳💥#ApeX #Mantle #PerpDEX

– ApeX Protocol (@OfficialApeXdex) September 26, 2025

By the weekend, APEX had scrambled up to $2.7 – its highest point since late June 2024. Then, just to really confuse things, the ApeX Protocol launched a token buyback program. Because when in doubt, buy back your own tokens. It’s basic economics, obviously. 🧐

“Beginning next week, 50% of ApeX Protocol’s daily revenue will be allocated to repurchase APEX tokens from the open market, combined with the $12,000,000 committed. Over time, this allocation will gradually increase, reaching up to 90% of all revenue,” the team announced, presumably with a straight face.

Predictably, the altcoin then decided to take a little nap. Markets data indicated a 24.67% dip over the last day. As of writing (which, let’s be honest, is a fleeting moment in crypto time), it’s sitting at $1.74. Still, a 600%+ jump earns it a spot amongst the trending coins.

Is APEX’s Rally a Genuine Triumph, or Just a Very Clever Illusion?

Some keen observers (and, let’s be real, a lot of folks with strong opinions on Twitter) are starting to ask awkward questions.

“Two days ago, I asked if bybit was involved with APEX and the support said nope. Today bybit ceo tweets about em, time to scam exit i guess. Changing version two days after is devils work,” a concerned (and slightly dramatic) user declared.

One on-chain analyst, DeFi Tracer, has drawn a comparison with a token called ASTER. Apparently, it followed the same pattern: very little token actually available, mostly held by a small group of people, and a lot of hype. He’s suggesting APEX is doing the same thing. The CEO of Bybit got involved, and suddenly the price jumped from $25 million to $300 million? Coincidence? Probably not. 😈

“Wallet: 0xb88f3bc2ad32d3d256e26347d1ad24332a18185d. Holding:- 413k $APEX = ~$1 million. This wallet was pushing the token up. Heavy manipulation with pools and buybacks, this wallet is part of it,” the analyst helpfully pointed out.

There was also the “Ape Season 1” announcement, promising 69 million Ape Points over 12 weeks. Apparently, these points determine your share of the “future airdrop.” Airdrops. The magical cryptocurrency dust that everyone hopes will fall into their wallets. ✨

“Your Ape Points directly determine your share of the future airdrop,” the team added, as if that explained everything.

Of course, the internet had opinions.

“This post announcement dump really looks like APEX team is unloading their bags, so their $12 million buyback is at much lower prices before the next scam pump,” observed a particularly cynical user.

So, there you have it. A token that went up, then down, with a side of suspicion and a sprinkling of Ape Points. Whether this is a sign of a brave new crypto future, or just another elaborate game, remains to be seen. Proceed with caution, and perhaps a healthy dose of skepticism. It’s the internet, after all. 🤷‍♂️

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2025-09-30 10:25