APEX Token Soars Over 600% as Analysts Question Rally’s Integrity
The APEX token has skyrocketed over 600% up to now week, marking a brand new yearly high in 2025 and driving the momentum of the decentralized perpetuals alternate token rally.
Yet, considerations are mounting as analysts level to potential crimson flags, together with indicators of great insider shopping for.
Why Is ApeX Protocol’s (APEX) Price Skyrocketing?
For context, APEX is the native token of the ApeX Protocol, a multichain decentralized derivatives protocol. The token has been out there for fairly a while, hitting an all-time high of $3.83 in May 2024.
While it skilled many ups and downs afterward, final week’s huge pump was notably notable. On September 26, APEX’s worth jumped 262% from $0.53 to $1.92. A collaboration announcement between ApeX, Mantle, and Bybit triggered the pump.
By the weekend, APEX has reached $2.7, marking its highest worth since late June 2024. The rally gained additional traction after the ApeX Protocol launched a token buyback program.
“Beginning subsequent week, 50% of ApeX Protocol’s day by day income will likely be allotted to repurchase APEX tokens from the open market, mixed with the $12,000,000 dedicated. Over time, this allocation will regularly enhance, reaching as much as 90% of all income,” the crew posted on September 28.
Nonetheless, the altcoin underwent a correction. BeInCrypto Markets information confirmed that APEX dipped 24.67% over the previous day. At the time of writing, it traded at $1.74.
Despite the drop, APEX’s explosive rally has earned it a spot among the many prime trending cash and the highest weekly gainers on CoinGecko with a 600%+ appreciation.
Is APEX’s Rally Sustainable, or Just Market Manipulation in Disguise?
Meanwhile, the worth rally has raised considerations amongst some market watchers.
“Two days in the past, I requested if bybit was concerned with APEX and the help stated nope. Today bybit ceo tweets about em, time to rip-off exit i suppose. Changing model two days after is devils work,” a person said.
On-chain analyst DeFi Tracer drew parallels between APEX and ASTER, arguing that each tokens adopted the identical sample of skinny provide and hype-driven pumps.
He claimed solely about 4% of ASTER’s provide was in circulation, with the remaining concentrated in six founder wallets, making manipulation simpler.
The analyst instructed APEX mirrored this setup, with Bybit CEO Ben Zhou’s announcement of the Mantle–ApeX collaboration sparking a soar in market cap from roughly $25 million to $300 million. According to him, ‘heavy insider buys’ performed a task in fueling the rally.
“Wallet: 0xb88f3bc2ad32d3d256e26347d1ad24332a18185d. Holding:- 413k $APEX = ~$1 million. This pockets was pushing the token up. Heavy manipulation with swimming pools and buybacks, this pockets is a part of it,” the analyst noted.
On prime of the buyback, ApeX launched Ape Season 1 with a pledge to distribute 69 million Ape Points over 12 weeks.
“Your Ape Points instantly decide your share of the long run airdrop,” the crew added.
Nevertheless, once more, the market commentators voiced skepticism over the transfer.
“This submit announcement dump actually appears like APEX crew is unloading their baggage, so their $12 million buyback is at a lot decrease costs earlier than the following rip-off pump,” a person wrote.
Thus, whereas APEX’s meteoric rise underlines how market catalysts can set off explosive rallies within the crypto market, mounting considerations forged a shadow over the sustainability of those features.
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