Aptos APT dropped 7% after token unlock.

Aptos (APT) Price Experiencing Decline

Aptos (APT) token has dropped by 7% to $1.69 following recent developments. There is a sense of concern among investors, while trading volume has seen a significant increase.

Trading volumes are over 38% higher than the monthly average, and institutional investors have started to reposition themselves ahead of the upcoming token unlock. This token unlock involves the release of 11.3 million APT tokens, which corresponds to 1.5% of the total supply and will be allocated to major contributors and early investors.

Market participants are observing an increase in selling pressure in light of this situation. In particular, the impending token unlock has created anxiety among investors.