- APT has recently seen a surge, fueled by a community-driven movement led by the trader BuzzlamicJihad, who has spearheaded an unofficial community takeover.
- Mereo has announced a partnership with APT, aiming to redefine K-Pop fan engagement and enhance immersive experiences for global audiences.
Aptos (APT), a Layer 1 blockchain known for its scalability and speed has recently witnessed a significant price surge, driven by a grassroots “community takeover” led by a trader known as BuzzlamicJihad. This movement, primarily driven by retail traders and crypto enthusiasts, has gained momentum through viral memes and online hype, mirroring past community-led crypto rallies.
Aptos has risen by 9% over the past 14 days and 7.3% in the last week, outperforming the global cryptocurrency market, which is up just 0.60%. At the time of writing, APT is trading at $6.66, which remains 66% lower than its all-time high of $19.92 seen in January 2023.
From a technical analysis perspective, the Relative Strength Index (RSI) on the daily chart currently sits at 48, having bounced off its oversold level of 30, signaling mild bullish momentum. Analysts at Solberg Invest suggest that if APT breaks through the key resistance zone between $18 and $20, the token could rally toward $30 in the medium term and potentially hit $34 if bullish momentum persists.
Community Takeover Gains Traction
The Aptos “community takeover” was spearheaded by BuzzlamicJihad, an outspoken trader who has been vocal about Aptos’ potential. His campaign gained traction just two months after Aptos Labs founder and CEO Mo Shaikh stepped down in December 2024 to pursue a “new chapter” in his career.
Interestingly, BuzzlamicJihad began promoting Aptos as early as October 2024, even before Shaikh’s departure, emphasizing that writing contracts on Aptos was easier compared to rival Layer-1 blockchain Sui. His posts quickly gained popularity, and the now-viral meme “Aptos lookin’ good here” has become a rallying cry among crypto traders and degens, who are choosing to buy an established Layer-1 token over speculative meme coins.
After it was confirmed that co-founder Avery Ching would assume the role of CEO, the now CTO-led team declared that Aptos had reached its bottom and increased its holdings. Throughout January, the phrase “CTO not priced in” was repeatedly used to highlight Aptos’ undervalued status.
In the past 24 hours, sentiment has shifted dramatically, with crypto influencers and the community rallying behind BuzzlamicJihad, reinforcing the belief that Aptos is primed for a comeback. The Aptos community now exhibits a layered, meme-driven culture similar to the Ethereum NFT project Milady Maker, blending irony, inside jokes, and enthusiasm to drive engagement.
Further solidifying Aptos’ bullish outlook, the blockchain has secured a strategic partnership with Mereo, a social engagement platform that helps identify and engage true fans. This collaboration aims to enhance K-Pop fan experiences using Aptos’ blockchain technology, showcasing its real-world use case beyond trading speculation.
