Aleo (ALEO) has experienced a significant price increase, surging 85.84% over the past week to reach $0.4151. This rise is accompanied by a 24-hour trading volume of $65.7 million. The token's performance is bolstered by 73% of its supply being staked at a 9% annual percentage rate (APR), reflecting strong investor confidence. The growing demand for Aleo's privacy-focused zero-knowledge proof technology is a key driver of its recent success. Additionally, Aleo's credibility is enhanced by having raised over $200 million in 2022 and securing Coinbase as a lead validator, indicating institutional trust and expanding adoption in the crypto market.