Aptos unlocks 24 million tokens – will it affect APT’s price trend?

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Next week, Aptos (APT) will unlock more assets and put them into circulation. The unlocked tokens are the most valuable this week and significantly increase the existing circulating supply.

More Aptos will hit the market

According to the data obtained Token unlock, Aptos will be unlocked in about 4 days. Data shows that 24.84 million APTs will be unlocked, worth more than $260 million.

Notably, these unlocked tokens account for over 8% of the circulating supply.

Among them, core contributors will receive 11.88 million APT, worth approximately US$125 million, accounting for approximately 4% of the market value. Next, investors will receive 8.42 million APT, worth approximately US$88.5 million.

In addition, the remaining tokens will be distributed to the community (3.21 million) and the foundation (1.33 million). As of the time of writing this article, APT has more than 308 million in circulation and its current market capitalization is approximately $2.8 billion.

Trading volume more than Aptos arrival highest in months

A look at the Aptos daily volume trend chart on Santiment shows a significant increase in activity recently. The chart shows that volume gradually increased starting around January 2nd and peaked on January 5th.

Over $700 million in trading volume was observed on January 5, significantly higher than $100 million at the beginning of the year.

This is Aptos’ highest trading volume in more than 5 months. As of this writing, current trading volume exceeds $370 million.

Source: Santiment

The impending introduction of more coins into circulation raises questions about its potential impact on trading volume trends. However, current expectations are optimistic and no negative impact on volume and price trends is expected.

APT price upward trend continues to weaken

After falling about 11.6% on January 3, Aptos recovered with a gain of more than 13% on January 4. Unfortunately, it has struggled to maintain this upward momentum, as shown on the daily time frame chart.

Chart analysis shows continuous losses. On January 5, Aptos closed with a loss of approximately 6.4%. As of this writing, the altcoin is recouping its losses with gains of over 2% on the day and is valued at around $9.20.