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Investors Expect Aptos’ Upcoming Unlock
09/01/2023

Investors Expect Aptos’ Upcoming Unlock

09/01/2023
4,2

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.

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.

Source & Copyright TradingView


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