Aptos to Unlock $100 Million in Tokens in November

Crypto token unlocking is a common practice where entities release previously frozen tokens to prevent large-scale sales by early investors and project teams.

Aptos plans to unlock over $100 million tokens in mid-November, representing around 10% of the total APT supply. These events are often considered bearish as they increase liquidity and allow investors to secure profits, potentially impacting the token’s price.

🚨 Unlocks Alert $APT 🚨
🗓️ On November 12th, 2023

🔥 First team and investors unlock🔥
🌟 20m $APT for team and investors
🔓 Approximately $129m unlocks are coming
💸 10.8% of circulating supply will be unlocked

If you are a private investor, what's your move?

Don't miss out!… pic.twitter.com/s6w8PgBvaU

— Token Unlocks (@Token_Unlocks) September 11, 2023

Research by The Tie indicates that the upcoming release could exceed 112% of the average daily trading volume over the last 30 days, which tends to put downward pressure on prices.

Token Unlocks data shows that 82% of the tokens remain locked, with 18% already unlocked. Recently, 4.54 million APT tokens worth over $23 million were unlocked, resulting in minor price fluctuations.

It’s important to note that another 4.5 million token unlock is scheduled for October 12, 2023, before the more significant November event, which is expected to substantially impact the ecosystem and asset price.

Short-term sentiment leans towards bullish positions for APT, but market conditions have been challenging, with more long trades liquidated than short ones in the past 24 hours. Currently, the token is trading at around $5.19.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.