4.5 million $APT, the Aptos native token, will be unlocked on February 12, worth over $80M and account for 2.7% of the circulating supply. While $APT has increased almost 400% in the past 30 days, upward momentum begins to wane in recent days.
Historically, token unlocks have been viewed as negative events for the market. This is because they lead to an increase in the circulating supply of digital assets, resulting in more selling pressure and causing a decrease in the current price. This is in line with the basic principle of economics where an increase in supply decreases demand, leading to lower prices. However, prior to the last unlocking date on January 12, $APT almost doubled its price.
For Aptos unlocking schedule, 4.5 million $APT will be unlocked on the 12th of every month from the community and Aptos foundation, while investors and core contributors holdings have a one year lock-up period that will end in November 2023.
Aptos
