Aptos Set To Unlock $103 Million In Tokens: A Boost To Liquidity
Key Points:
- Aptos, a Layer 1 protocol, is preparing to unlock $103 million worth of tokens by issuing 20 million Aptos (APT) tokens in November, injecting significant liquidity into the market.
- The token release, representing 112% of the average daily trading volume, will be phased, starting with 5.83 million APT tokens in November and rising to 6.15 million APTs by December, potentially impacting token prices as warned by research firm The Tie.
Aptos (APT) is getting ready to release tokens valued a total of $103 million.
Aptos, a Layer 1 protocol founded by former Facebook employees, is poised to release a substantial amount of tokens, with plans to issue 20 million Aptos (APT) tokens in November, according to data from TokenUnlocks. At the current market price of $5.17 per token, this unlocks an impressive $103 million worth of APT tokens, representing over 8.5% of Aptos’ circulating supply of 235.02 million.
The forthcoming release of APT tokens is expected to inject significant liquidity into the market, as reported by research firm The Tie, which specializes in digital assets. Notably, the issuance of 20 million APTs amounts to 112% of the average daily trading volume over the preceding 30 days.
To manage this unlock, Aptos will adopt a phased approach, with the initial release set at 5.83 million APT tokens in November, equivalent to 32% of the average daily volume. By December, this figure is anticipated to rise to 6.15 million APTs. Over the past year, Aptos has been consistently unlocking 4.62 million APTs each month for various community and organizational purposes.
It’s worth noting that liquidity release events, particularly those exceeding 100% of the average daily trading volume, can exert downward pressure on token prices, as highlighted by The Tie. Therefore, market participants will be closely monitoring the effects of this substantial token unlock in November.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Aptos Set To Unlock $103 Million In Tokens: A Boost To Liquidity
Key Points:
- Aptos, a Layer 1 protocol, is preparing to unlock $103 million worth of tokens by issuing 20 million Aptos (APT) tokens in November, injecting significant liquidity into the market.
- The token release, representing 112% of the average daily trading volume, will be phased, starting with 5.83 million APT tokens in November and rising to 6.15 million APTs by December, potentially impacting token prices as warned by research firm The Tie.
Aptos (APT) is getting ready to release tokens valued a total of $103 million.
Aptos, a Layer 1 protocol founded by former Facebook employees, is poised to release a substantial amount of tokens, with plans to issue 20 million Aptos (APT) tokens in November, according to data from TokenUnlocks. At the current market price of $5.17 per token, this unlocks an impressive $103 million worth of APT tokens, representing over 8.5% of Aptos’ circulating supply of 235.02 million.
The forthcoming release of APT tokens is expected to inject significant liquidity into the market, as reported by research firm The Tie, which specializes in digital assets. Notably, the issuance of 20 million APTs amounts to 112% of the average daily trading volume over the preceding 30 days.
To manage this unlock, Aptos will adopt a phased approach, with the initial release set at 5.83 million APT tokens in November, equivalent to 32% of the average daily volume. By December, this figure is anticipated to rise to 6.15 million APTs. Over the past year, Aptos has been consistently unlocking 4.62 million APTs each month for various community and organizational purposes.
It’s worth noting that liquidity release events, particularly those exceeding 100% of the average daily trading volume, can exert downward pressure on token prices, as highlighted by The Tie. Therefore, market participants will be closely monitoring the effects of this substantial token unlock in November.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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