Aptos (APT) defied the market downturn with a 5% price surge and a 150% spike in trading volume, fueled by its selection for Wyoming’s WYST stablecoin pilot.
By Parth Dubey
Editor Kirsten Thijssen
Updated
2 mins read
While Bitcoin and Ethereum nurse losses amid a broader crypto market downturn, Aptos (APT) has outperformed, surging over 5.2% in the past 24 hours. According to CoinMarketCap data, its trading volume spiked a remarkable 150%, reaching $214 million.
The biggest reason behind APT’s surprise rally is its shortlisting by the Wyoming Stable Token Commission for the state’s WYST stablecoin pilot program. Out of over ten evaluated blockchains, Aptos scored the highest, a perfect 32.
Major update:
Wyoming selects Sei for its official stablecoin pilot
Sei, with a score of 30, ranked above top competitors like Base (25), Sui (26), Avax (27), Ethereum (26), Algorand (21), and Ripple using a formal scoring guide that compared things like performance, userbase,… https://t.co/fFhIHRXpD4
— Phillip (@phillip_xyz) June 19, 2025
According to the official statement, alongside Aptos, Solana also scored 32, although only Aptos and Sei were chosen for the pilot phase.
This is no small feat. Wyoming’s WYST stablecoin initiative, backed by short-duration US Treasury yields, is set to launch as early as July and could be a significant revenue generator for the state.
Aptos’ selection validates its network efficiency, scalability, and finality, positioning it as a key infrastructure player in a future where state-backed stablecoins may become mainstream.
Beyond Wyoming, the crypto trading platform Flipster has partnered with the Aptos Foundation to enhance stablecoin accessibility and improve capital flow across chains.
Flipster now supports USDT deposits/withdrawals on Aptos, increasing liquidity and adoption while also listing APT on its spot market.
Meanwhile, Chainalysis has teamed up with Aptos to bolster security and transparency. As part of a new initiative, Aptos will feed malicious actor data into Chainalysis KYT, empowering projects on the Aptos chain.
Aptos is trading within a large descending triangle, with resistance declining from $15 and horizontal support near $4.43. Price has now compressed into the triangle’s apex, a classic breakout setup.
On the other hand, the RSI is at 43, emerging from oversold territory, showing a bullish divergence. This often signals momentum is returning just before a major breakout.
APT Daily Chart | Source: TradingView
Also, the MACD line is curling up toward a bullish cross above the signal line, indicating waning bearish pressure and potential upside reversal.
Once the $5–$5.20 resistance breaks, a move toward $10–$11–nearly 150% from current levels–is achievable if momentum sustains.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
