Aptos (APT) Price Surges 17% Due to Community Meme Movement

TLDR

• Aptos (APT) has surged 17% to $6.45 in 24 hours, marking its highest price since February 2
• A crypto influencer “BuzzlamicJihad” initiated an unofficial community takeover (CTO) of Aptos through meme campaigns
• Former Aptos Labs CEO Mo Shaikh stepped down in December 2024, with co-founder Avery Ching taking the helm
• The $5.50 price level is being strongly defended by buyers after a January low of $26.06%
• The community takeover has gained traction through viral phrases like “Aptos lookin’ good here”

The Aptos blockchain’s native token APT has risen 17% to reach $6.45 over the past 24 hours.

This surge comes from a  “community takeover” led by a social media personality known as BuzzlamicJihad.

Got 4 hours of sleep ready to go again for a day of bullposting my favorite memecoin

— 🐝 (🌐/acc) (@BuzzlamicJihad) February 19, 2025

The price movement marks a recovery from January’s lows, when APT dropped to $5.50, causing concern among investors. Current market data from Coingecko shows APT trading at $6.32, with intraday trading volume showing increased activity of 13.42%.

The recent price action follows significant changes in Aptos Labs’ leadership. In December 2024, co-founder and CEO Mo Shaikh announced his departure to “start a new chapter,” leaving fellow co-founder Avery Ching to assume the role of CEO.

Technical analysis indicates that APT previously lost momentum after falling below the 50-day exponential moving average (EMA). This led to a four-day price correction that brought the token near the $5.50 support level.

Community Takeover

The unofficial community takeover began taking shape in October 2024, when BuzzlamicJihad started posting about Aptos on X (formerly Twitter). The influencer initially focused on technical aspects, claiming that writing smart contracts on Aptos was more straightforward compared to rival blockchain Sui.

By December, BuzzlamicJihad’s advocacy for Aptos had intensified. The social media personality made bold predictions about the blockchain’s future, including claims that it would eventually surpass XRP in market value and achieve the highest stablecoin supply across all chains by the end of 2025.

The community movement gained momentum through the proliferation of memes and catchphrases, particularly “Aptos lookin’ good here,” which has become a rallying cry among cryptocurrency traders and enthusiasts.

Market data reveals that APT’s 24-hour volume-to-market cap ratio stands at 6.74%, indicating increased trading activity. The token reached a daily high of $6.57, the highest price point observed since February 2, 2025.

The emergence of this community-led initiative represents a departure from traditional community takeovers in the cryptocurrency space. Unlike typical CTOs, which often occur after project developers abandon their creations, Aptos maintains an active development team and corporate structure.

Buyers have shown determination in defending the $5.50 support level, which has become a crucial price point for the token. Trading patterns suggest sustained buying pressure at this level, helping prevent further downward price movement.

The current market dynamics have attracted attention from various cryptocurrency influencers, who have joined in amplifying BuzzlamicJihad’s message. This has created a snowball effect of social media engagement around the Aptos project.

A unique aspect of this community movement is its similarity to other crypto cultural phenomena, particularly in its use of layered irony and inside jokes. The community’s communication style mirrors that of successful NFT projects like Milady Maker.

The Aptos community’s Telegram channel has become a hub for this activity, with members maintaining a distinctive communication style that blends humor with market commentary. When asked about the nature of the movement, one Telegram admin identified as Stef described it as “just some lads with a dream.”

New CEO Avery Ching has acknowledged the community movement, notably referring to BuzzlamicJihad as the “GOAT” (greatest of all time) in social media interactions. This recognition from leadership has further energized the community.