APTOS Coin Sell Orders On Binance Increase, What's Going On?

Aptos crypto project. (Photo; Doc. Investor Place)

JAKARTA – Blockchain analytics company Kaiko recently announced that the APT coin from the company Aptos has attracted the attention of market players in the last two weeks.

Furthermore, in a Twitter post, Kaiko stated that there was a large buy order, worth 250,000 US dollars, executed on Binance. However, the analytics firm also notes that since January 23, the large trades that have taken place have been mostly sell orders that have coincided with a drop in the token price.

Kaiko also added that Aptos' liquidity has increased. The APT market rose 10 percent, increasing threefold from $3.5 million to $14 million. While the depth of 1 percent rose to 4 million US dollars from 1.5 million dollars.

The analytics firm also suggested that APT could look at institutional demand on Coinbase, where "the volume of bids is now almost double the volume of requests." This shows that Aptos has attracted the interest of market players and shows good potential in the future.

However, investors should watch carefully for these token price developments, as the large trades that occur are mostly sell orders and price drops. But with increased liquidity and potential institutional demand on Coinbase, Aptos remains one digital asset worth considering.

APTOS NFT Attracts Investor Interest

Simultaneously, Binance Research stated that interest in the Aptos NFT has increased in recent times. This research shows that collections in the Aptos ecosystem have experienced increased sales volumes and base prices that have reached new highs. Binance Research said: "NFT investors [have] started pooling it to become early adopters and take advantage of potential flipping opportunities."

This statement is confirmed by data on Aptos' largest NFT marketplace, Topaz. Three of the top five collections on the marketplace saw their sales volume increase by more than 600 percent each. Then, two other collections increased by more than 100 percent. Binance Research added that the trading volume of APT tokens rose by 147 percent thanks to the two new liquidity pools that opened up for the asset on Binance.