Why the Afterpay (ASX:APT) share price is exploding even higher today

The Afterpay Ltd (ASX: APT) share price is on fire again today, just one trading day after hitting a new all-time high last week.

The Afterpay share price is sitting at $155.19 at the time of writing, up 2.57% today. But earlier this morning, the buy now, pay later (BNPL) market darling again hit another new record high, this time $156.50 a share.

That means that Afterpay shares are up more than 10% over the past week alone, more than 33% over the past month, and more than 300% over the past 12 months. At the company’s current market capitalisation of $44.15 billion, Afterpay is now worth more than ASX blue chips like Coles Group Ltd (ASX: COL), Telstra Corporation Ltd (ASX: TLS) and Transurban Group (ASX: TCL).

So what on earth…