In just four days, Aptos, a leading Layer-1 blockchain, is set to unlock 11.31 million APT tokens valued at approximately $60 million.

This unlock, scheduled for August 12th, represents 2.4% of APT’s circulating supply. Given the recent dip in APT’s price from $7, investors are keen to understand how this event might influence the market.

Since May 2024, Aptos has been unlocking 11.31 million tokens around the 12th of each month, a process that will continue until October 2026. Historically, these token unlocks have had varying impacts on the price, depending on market conditions.

A look at past unlock events reveals some interesting trends. On November 12, 2023, during a mini bull run, the price of APT surged from $7.7 to nearly $18, with the market cap surpassing $5 billion and the fully diluted valuation (FDV) exceeding $18 billion. This unlock did not trigger a significant sell-off, indicating that market sentiment was strong at the time.

However, in recent months, APT has seen a sharp price correction, dropping from $18 to around $5. In downtrending markets, token unlocks can exert more pressure on prices, raising concerns about the upcoming event.

Tokens Set For Unlock On August 12th 

The tokens set to be unlocked on August 12th are allocated as follows: 1.33 million to the Foundation (0.28% of the circulating supply), 3.21 million to the Community (0.68%), 3.96 million to Core Contributors (0.84%), and 2.81 million to Investors (0.60%). Although this represents a modest 2.4% of the circulating supply, it is unlikely to cause a significant supply shock.

Analyzing the previous three unlocks at a similar percentage of the circulating supply provides additional context:

• May 12: Price at $8.38, market cap $4.1 billion
• June 12: Price at $7.97, market cap $3.96 billion
• July 12: Price at $6.05, market cap $2.22 billion

As the next unlock approaches, it remains to be seen whether this trend will continue or if the market will react differently.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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