Moonbeam, one of the parachains of the blockchain project Aptos (APT) and Polkadot (DOT), launched in the last months of last year, will soon be circulating tens of millions of dollars of tokens.
According to data from TokenUnlocks, the platform that tracks the circulating supply of cryptocurrencies January 11 about the day 15.5 million worth a dollar 46,182,879 MoonBeam’s (GLMR) when unlocking January 12 on the date of approximately 19 million dollars worth 4.543.478 Aptos (APT) will be unlocked.
These amounts are roughly the equivalent of the circulating supply in Aptos. to 32% means that the equivalent token will be released, while in GLMR it means that the circulating supply about 20% will be released to the market. With the tokens to be released this week, approximately the total supply of GLMR 73%, If Aptos 15% will be in circulation. This situation is thought to create a sales pressure.
Experts say that GLMR, which is more than the ratio, looks more positive than Aptos when considering the possibilities of selling pressure on the tokens.
Also, according to many cryptocurrency commentators launched into a bear market Too many tokens good condition. With the current market conditions, these tokens that were released when the price was low, to many investors While the tokens that are put into circulation in the bull market seem to be more likely to be sold directly.
According to CoinGecko data in the last 24 hours GLMR 6.3% on the rise from $0.3409 APT while trading 38.6% on the rise from $5.22 is being traded.