Investors Expect Aptos’ Upcoming Unlock
September comes as a month for many coins to be unlocked. And the most expected one is Aptos. Thus, Aptos may experience a sharp increase in supply, which can have a significant impact on its price.
According to TokenUnlocks, large-amount unlocks (unlocked amount greater than 10 million US dollars) in September include HBAR SUI IMX APT APE DYDX OP, etc., with an unlock value of over 225 million US dollars.https://t.co/tuQYnSlfTZ pic.twitter.com/qY3HkgzYVj— Wu Blockchain (@WuBlockchain) August 31, 2023
This month, 4.54 million APTs are expected to be unlocked. This is 1.99% of the total circulating supply.
Holders of vested or unlocked tokens may sell them, potentially putting pressure on APT's price. The 1.99% supply ratio is not enough for a solid price drop. However, some other factors are in place.
The asset is now in the support zone at $5.5, which is a weak bullish impulse. And amid the general bearish market sentiment, many expect a short-term price drop to $5 dollars with token unlocking.
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