Token

Aptos

Million

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 <p>Crypto unlocking is quite a common phenomenon where entities release specific amounts of frozen tokens. This is usually done to prevent early investors and project team members from selling in large numbers. Now, <a rel="dofollow" title="Aptos" href="https://thebittimes.com/tag/aptos.html">Aptos</a> tokens worth more than $100 million are set to be unlocked in mid-November. The 20 million tokens represent around 10% of the circulating supply of <a rel="dofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a>.</p> 
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    <p lang="en" dir="ltr">🚨 Unlocks Alert $<a rel="dofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a> 🚨<br>🗓️ On November 12th, 2023<br><br>🔥 First team and investors unlock🔥<br>🌟 20m $<a rel="dofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a> for team and investors<br>🔓 Approximately $129m unlocks are coming<br>💸 10.8% of circulating supply will be unlocked<br><br>If you are a private investor, what's your move?<br><br>Don't miss out!… pic.twitter.com/s6w8PgBvaU</p>— Token Unlocks (@Token_Unlocks) September 11, 2023
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 <p><strong>Also Read: NFTs: Stoner Cats Price Up 267% Despite SEC Charges</strong></p> 
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 <h3 class="wp-block-heading" id="h-what-to-expect-from-the-apt-unlock">What to Expect from the APT Unlock</h3> 
 <p>Crypto <a rel="dofollow" title="token unlock" href="https://thebittimes.com/tag/token-unlock.html">token unlock</a>s are usually considered bearish catalysts because they free up liquidity and open doors for investors to lock in profits. According to research platform The Tie, the tokens that are supposed to be released weigh upto 112% of the average daily trading volume over the last 30 days. Any figure above 100% of the volume usually adds a burden on the price.</p> 
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  <img decoding="async" width="1024" height="510" src="https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp" alt class="wp-image-111923" srcset="https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp 1024w, https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp 768w, https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp 380w, https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp 550w, https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp 800w, https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp 1160w, https://cdn.thebittimes.com/images/2023/09/14/80a29734bd230f28e791479f5470f790.webp 1204w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CoinGecko
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 <p><strong>Also Read: Nasdaq Getting Ready to List Spot Bitcoin ETF</strong></p> 
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 <p>According to data from Token Unlocks, only 82% of the tokens remain locked, while only 18% have been unlocked so far. A couple of days ago, on Sept. 12, 2023, 4.54 million <a rel="dofollow" title="APT" href="https://thebittimes.com/tag/apt.html">APT</a> tokens worth more than $23 million were unlocked. The price of the asset did not react outrightly. It noted minor positive deviations of 1.2%, and 3.1% over the last two days, and was down by 1% on the daily at press time.</p> 
 <p>Here, it is worth noting that the next Aptos unlock is not directly scheduled for November. Another similar 4.5 million unlock is scheduled to take place on Oct. 12, 2023. However, the November event will bear more impact on the ecosystem and the price of the asset, given the significantly high number of tokens involved. </p> 
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  <img decoding="async" width="1024" height="374" src="https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp" alt class="wp-image-111925" srcset="https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 1024w, https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 768w, https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 1536w, https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 380w, https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 550w, https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 800w, https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 1160w, https://cdn.thebittimes.com/images/2023/09/14/fd5fbfdc6a392299315874d36d443165.webp 1918w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Token Unlocks
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 <p><strong>Also Read: U.S. Lags Behind India, Vietnam in Crypto Adoption</strong></p> 
 <p>As far as the short-term sentiment is concerned, traders have been placing more bullish bets than bearish bets on APT. This was reflected by the long:ratio reading above 1. However, the market conditions have not been quite supportive. Over the past 24-hours, the proportion of long trades wiped out was almost double that of the short trades. At press time, the token was seen exchanging hands around $5.19.</p> 
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   <img decoding="async" loading="lazy" width="406" height="178" src="https://cdn.thebittimes.com/images/2023/09/14/40d13bf9920c7f0f85d7b3ec4779d647.webp" alt class="wp-image-111931" srcset="https://cdn.thebittimes.com/images/2023/09/14/40d13bf9920c7f0f85d7b3ec4779d647.webp 406w, https://cdn.thebittimes.com/images/2023/09/14/40d13bf9920c7f0f85d7b3ec4779d647.webp 300w, https://cdn.thebittimes.com/images/2023/09/14/40d13bf9920c7f0f85d7b3ec4779d647.webp 380w" sizes="(max-width: 406px) 100vw, 406px">
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    Source: Coinglass
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<div class="cs-entry__tags">
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  <li>APT</li>
  <li>Aptos</li>
  <li>token unlock</li>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/aptos-to-unlock-100-million-worth-of-apt-token-tbt62704.html">https://thebittimes.com/aptos-to-unlock-100-million-worth-of-apt-token-tbt62704.html</a></p>

Aptos to 'Unlock' $100 Million Worth of APT Token

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