Layer 1 blockchain founded by former Meta administrators Aptoslaunched 24.8 million tokens today worth approximately $201.7 million, accounting for 8.9% of its circulating supply, according to TokenUnlocks.
The majority of the unlock, approximately $96.4 million, went to core participants. According to TokenUnlocks data, $68.4 million went to investors, $26.1 million to the community and $10.8 million to the Aptos Foundation.
Following the launch of the same amount of APT tokens during the unlock on November 12, the price of APT dropped 13.4% from $7.82 to $6.77 in nine days before rebounding, according to price data from The Block. The token is currently trading at $8.09. It is up 3.4% since the last unlock in generally bullish crypto market conditions.
Aptos is a relatively new layer 1 blockchain based on the Move programming language developed at Meta and aims to provide a faster and scalable alternative to other networks. Koinfinans.com As we reported, Aptos experienced a five-hour outage in October. This caused some crypto exchanges, including Binance, OKX, and Upbit, to temporarily suspend APT deposits and withdrawals.
ApeCoin and Optimism Tokens Continue to Be Unlocked
ApeCoin and Optimism are among the top locks remaining this year. According to TokenUnlocks data, they are scheduled to launch on December 17 and December 30 at a value of $26 million and $56 million respectively.
ApeCoin, the governance token of the ApeCoin DAO and affiliated with the Bored Ape Yacht Club NFT community, will issue 15.6 million APE tokens on December 17 (4.2% of its circulating supply, currently valued at $25.9 million).
Ethereum layer 2 Optimism (OP Mainnet) will release 24.2 million OP tokens on December 30. The unlock, representing 2.7% of its circulating supply, is currently worth $56.1 million.