Sui and Aptos, after months of anticipation, are set to unlock more tokens in July, raising questions about their future trajectory in the ever-evolving crypto landscape.
garnered significant attention during their successful launches. However, currently, these two tokens have a relatively low percentage of their tokens in circulation.
Sui has less than 10% of its tokens in circulation, while Aptos has less than 20%. However, according to information obtained fromIn the case of Sui, over 61 million tokens are scheduled to be unlocked on 9 July. This anticipated unlock, valued at over $48 million, represents less than 1% of the total token supply. The unlocked tokens would be allocated to the Foundation and the Community Access Program.planned to unlock over 4.5 million APTs, valued at over $33 million.
These upcoming token unlocks hold significant potential for both tokens as they introduce a larger supply of tokens into the market.had initially experienced a positive daily price trend, but it suffered significant value depreciation since its launch. As of this writing, it was trading at approximately $7.6, reflecting a modest increase of over 4% in its value. This recent upward movement shifted the token into a slight bull trend, following a prolonged bearish period.
, which stood at around $12.26 million. Sui, however, boasted a higher trading volume than Aptos, with over $5 million.Considering the upcoming token unlocks scheduled for July, how these metrics would respond and the subsequent impact on price trends remains uncertain.
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