According to @EmberCN, a wallet that bought 3.624 million APX with 226,000 USDT at an average price of $0.06 in November 2023 held for about two years and, roughly 10 minutes before the post timestamp on Sep 22, 2025, moved the entire stack into Aster for a 1:1 swap into ASTER, now valued at $5.62 million; source: https://twitter.com/EmberCN/status/1970131090275975241. The on-chain address 0x9d226d67815C4E0fD4025f1015FF124787b1b02B reflects the large APX position and the transfer activity tied to the swap, corroborating the size of 3.624 million tokens; source: https://intel.arkm.com/explorer/address/0x9d226d67815C4E0fD4025f1015FF124787b1b02B. Implied per-token valuation is approximately $1.55, calculated from the author’s $5.62 million valuation and 3.624 million tokens, useful for gauging near-term pricing and depth; source: figures and timing per @EmberCN post above, address and flows per Arkham link above. For trading, set alerts on the cited address and monitor ASTER liquidity and order books to assess potential impact from any subsequent movements of these 3.624 million tokens; source: monitoring via Arkham Intelligence address link above and event disclosure via @EmberCN.

According to @EmberCN, a whale withdrew 2.473M APX worth about $1.10M from Gate two days ago, then deposited to Aster for a 1:1 swap into ASTER, before moving 2.473M ASTER back to Gate about an hour ago, now valued at roughly $2.22M; source: https://twitter.com/EmberCN/status/1969299633609547849. The sequence implies a ~100% gain on the position and approximately $1.12M in realized profit versus two days earlier; source: https://twitter.com/EmberCN/status/1969299633609547849. The wallet address referenced is 0x86C2F8961aC49d94c17bF68F4E1cdFE5d0907c31, as linked for verification; source: https://intel.arkm.com/explorer/address/0x86C2F8961aC49d94c17bF68F4E1cdFE5d0907c31.

According to @ai_9684xtpa, $APX rose to roughly $0.50 as $ASTER pumped, with the reported top individual $APX wallet 0xD2b372343B821770DCB9d5221F207F84B4d99088 booking about $3.783M in overnight unrealized profit due to their 1:1 exchange linkage; source: @ai_9684xtpa on X (Sep 18, 2025). On-chain flows totaling 10.18M APX from the APX Rewards & Marketing multisig to this wallet between 2022-09 and 2024-06 are visible on Arkham Intelligence; source: intel.arkm.com/explorer/address/0x165e20768AAacFEfd1224A01C089D8821Df5019d and intel.arkm.com/explorer/address/0xD2b372343B821770DCB9d5221F207F84B4d99088. The wallet currently holds about 9.10M APX and the stated average cost basis is $0.0804; sources: Arkham Intelligence wallet page above and @ai_9684xtpa on X. The synchronous move was attributed to a 1:1 exchange relationship between $ASTER and $APX; source: @ai_9684xtpa on X.

According to Kekalf, The Green's Twitter post, current trading activities are restricted until the completion of a 1:1 token swap. This indicates that traders must wait for the swap process to finalize before engaging in any trading of the affected tokens. The swap is likely a necessary step for maintaining or changing liquidity and token utility, impacting short-term trading strategies. [Source: Kekalf, The Green Twitter post]