Aptos APT, dropped 7% after Token Unlock.

Aptos (APT) Price Faces Decline

Aptos (APT) token has seen a decline of 7% in recent days, dropping to a value of $1.69. Concern among investors is high, and a significant increase in trading volume has been observed.

Trading volumes are above the monthly average by 38%, while institutional investors have started to rearrange their positions ahead of the upcoming token unlock. This token unlock involves the release of 11.3 million APT tokens. This amount represents 1.5% of the total supply and will be allocated to key contributors and early investors.

Market participants are observing an increase in selling pressure in light of this situation. In particular, the approaching token unlock has raised concerns among investors.