A cryptocurrency investor who purchased $226,000 worth of ApolloX (APX) tokens two years ago is now holding over $7 million, thanks to the token's recent surge amid the ASTER swap rally. The wallet address 0x9d22 spent $226,000 to buy 3.62 million APX tokens, which are now worth $7.07 million.

The rally in APX's price is attributed to the ongoing token migration from APX to ASTER, the native token of the Aster protocol. Aster represents the rebrand of the ApolloX project after its merger with Astherus in late 2024. The exchange opened on September 17, 2025, with early participants receiving better swap rates. Binance is backing the migration, which is planned to be completed by October 1, 2025. The distribution was conducted at a ratio of 1 APX = 1 ASTER.

The price of APX has seen substantial growth, climbing from around $0.20 earlier in September to a peak above $1.92 in just days, marking an almost tenfold increase. TradingView data indicates APX is trading at $1.95, giving the investor total holdings worth approximately $7.07 million, reflecting a gain of roughly +3,000%.

The ASTER launch and the 1:1 swap announcement triggered a strong rally that pushed APX to an all-time high. The swap effectively links APX's value to the newly launched ASTER token, creating price convergence between the two assets.

Adding to the positive momentum, Binance listed an ASTERUSDT perpetual contract with up to 50x leverage on September 19, drawing in speculative capital and heightening volatility. Further, a prominent industry figure, Zhao, disclosed on September 19 that Aster had become the largest holder of BSC-USDT outside Binance. Zhao also praised the project's TGE a day earlier, calling it a strong start and urging developers to continue building.

ASTER has positioned itself as a direct competitor to Hyperliquid, offering features like hidden orders and leverage up to 1001x. The new cryptocurrency Aster (ASTER) has surged since its launch on September 17, 2025, reaching a market capitalization of $400 million.

The APX-to-ASTER migration is a seamless 1:1 swap, initiated after the token generation event (TGE) on September 17, 2025. Binance Alpha is facilitating this migration, which is set to conclude by October 1, 2025.

While APX is showing strong bullish momentum, the Relative Strength Index (RSI) is above 90, indicating the token is in an overbought zone and a short-term correction could occur.