One of the most popular cryptocurrency initiatives of 2023 Aptos (APT), The unlocking process will be carried out in the near future. Although the event in question will happen in November, altcoin investors need to be more careful now. Because the reason for the unlocking process is different.
According to Token Unlocks’ post on the X account, Aptos will offer additional crypto money to the market for the first time on November 12, 2023.
Experts state that exactly 20 million tokens will be released and expect this number to have an estimated value of $129 million. Although most altcoin units unlock tokens from time to time, this is a first for APT. Apart from all these, the fact that some of the unlocking tokens belong to the project team increases the possibility of sales pressure. Developers can fund the project by selling unlocked APT tokens.
According to Token Unlocks data, the 20 million Aptos to be released represent 10.8% of the total supply.
Aptos (APT) Price
APT, the local altcoin unit of Aptos, the blockchain project developed by former Facebook employees, made a big impact in January when it was listed on stock exchanges. The token, which exceeded $ 20 on January 30, 2023, is far from these levels today.
$APT is currently trading at $5.16.