Aptos will unlock tokens worth more than $25 million on 12 September, which can result in a drop in the token’s price.
revealed that APT’s price had declined by more than 1.5% in the last 24 hours. At the time of writing, it was trading at $5.51, with a market capitalization of over $1.2 billion.
The declining price trend might continue as APT’s token unlock neared, scheduled on 12 September. An increase in circulating supply generally causes a dip in demand, which in turn pushes an asset’s price down further., the unlock will inject 4.54 million APT, worth over $25 million. At press time, APT had 229,653,024 tokens circulating in the market. To date, 82% of the token’s total supply remains locked.
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