APT's growth — organic or manipulation?: top 3 crypto news analyzed.

Hi! It's me again...

Vanessa from buidlbee! Here to give you all the news, analysis, and breakdowns you need to make your crypto dreams a reality. 🥳

This is what's happening in the market today:

• Mass incineration at Floki Inu DAO 🔥

• Aptos can't stop running 🤔

• Are the bulls here to stay? A steamy Twitter debate 😏

Over 4 trillion FLOKI tokens will be burned

Another dog coin has been making its rounds on Twitter and has been having an impressive bull run lately. Floki Inu is the meme coin of the moment and I'll tell you something, friend, I'm not mad about it either.

Its most recent spike happened last Thursday when a governance proposal from the team was posted on Twitter, with the intent of burning 4.9T (~$55M) tokens on a cross-chain bridge. This took FLOKI's price up by 14% to $0.000012. Fast forward to yesterday, when 99.7% of the community sided with the motion. Hence, the FLOKI transaction tax will be lowered to 0.3% by February 3, while 4.97T tokens will be burned on February 9.

So where does FLOKI stand now? At the time of writing, it's trading at $0.00002474 per token, up 1.93% in 24 hours. Whether it's a worthy investment or not is up to you, friend, but with a strong, decentralized community, I won't count this meme coin out 🚀

APT is suspiciously up by over 500%

The recent growth of APT (it’s, inexplicably, up by 565% in the past two weeks) has been incredible and groundbreaking, but also highly suspicious. 🧐 So, what's really going on? The analysis that really caught my eye was made by the LightCrypto trading team. They believe the developers of Aptos are organizing a token sale in South Korea. An analysis they gathered from on-chain monitoring shows large withdrawals from developers' wallets to several crypto exchanges, in particular — Upbit.

They went on to further explain how demand for APT in South Korea has lost half of its momentum, dying out from $10M purchases a day to $5M (see below). If there's a fall in demand for tokens, why is there ~$20M worth of tokens still being sent to South Korea's Upbit from developers? I call suspect, my dear Watson! ☝

The largest APT holder is the Aptos Foundation, owning almost one-third of the tokens (~1B tokens). In an unregulated market like crypto, such large players [i.e., whales] can easily manipulate prices and "pump and dump" tokens and get away with it. This is why the outstanding growth of APT has raised some red flags.

Are we in a fake bullish rally?

You know I live for juicy news, that's why I'm bringing you this debate right from the streets of Twitter, straight to your mail. Bitcoin has been holding its own above the $23K resistance since January 27, and while some investors believe it's the start of a new bull run, others think it's mere market manipulation, and we're stuck in a bull trap. Here are some of my favorite hot takes:

• Bytesyzecrypt technical analysis shows BTC's first support at $22.5K, which continued to grow seemingly organic to the current support of $23K.

• Trader Seth Michael Steele believes his Bitcoin nose has never led him astray, and we could find new support at $23.5K before rallying on to $30K.

• Analyst, CrediBULL Crypto also believes BTC is gearing up to hit $25K sooner than later.

Although the predictions seem pretty positive so far, there are still reasons to be skeptical. Here are some flip-side opinions:

• Crypto analyst, FutureBlockchain, calls market manipulation and sees the bear market continuing. He, however, also believes BTC could hit $46K.

• Blockchain expert, Crypto in Black, says, according to his sources, most high-net-worth individuals and companies are waiting for a new bottom while other investors are more bullish.

• Enthusiast, Ricky Dorwani, believes the bull run isn't coming till at least October.

• Tokenomics expert, Eloisa Marchesoni, doesn't believe the recent bull rally is sustainable and will rise to a max of $30K and drop to even lower lows unless the intervention of another black swan market event.

• Furthermore, we are still dealing with mass tech layoffs, low company earnings, possible future recessions, and a potential real estate crash.

There are many reasons for the recent surge in the market, including the ongoing proceedings with Grayscale. So what does the future of BTC hold? We just have to wait and see, friend. 🤷‍♀️

That's all I have today for you! Quick and easy so you can go about your day like the well-informed crypto champ you are! 💪 Don't be greedy, share this with your close crypto friends, and I'll see you tomorrow with more tips to help you make it with crypto! 🚀