Key takeaways:
- Aptos will unlock 11.31 million APT tokens (1% of total supply) on January 12, 2025, worth approximately $117 million.
- APT has increased by 6.87% in the last 24 hours and 16.64% in the last week.
- The token unlocks may lead to increased selling pressure, affecting short-term prices.
Aptos token holders are gearing up for the unlocking of 11.31 million APT tokens, representing 1.00% of the total supply, on January 12, 2025. That makes it worth about $117.13 million, or about 2.02% of the market value of $5,786,852,200 at the time of writing.
Even with this large amount of tokens about to hit the market aptose (APT) cryptocurrency is doing well in terms of price performance, leading the pack among altcoins in terms of 24-hour gains. APT coin jumped 6.87% in the past day, bouncing from a low of $9.83 to $10.57. Moreover, it has increased by 16.64% in the last week.
Will APT reject with Token Unlock?
Several important token unlocks are happening soon, including those for Movement (MOVE), Jito (JTO), Neon (NEON), Axie Infinity (AXIE)AGI and IO. The largest unlock is for Aptos, which will release tokens worth $117.13 million on Sunday, January 12, 2025.
Token unlocks represent the scheduled release of locked or earned tokens into the circulating pool. These events are critical to track because they directly affect the token’s liquidity, demand, and price dynamics.
Aptos will unlock 11.31 million APT tokens this week, the largest unlock among them. This amount is 1% of the token’s total supply and can increase its selling pressure.
Currently, APT is trading at $10.57, and an increase in supply could negatively affect the market in the short term. This is because more circulating tokens can push prices down, especially if many are sold quickly.
However, the distribution plan shown on Cryptorank shows that 0.63% of tokens go to the community, 2.08% to core contributors, 0.81% to the Foundation, and 2.08% to investors.
If the unlocked tokens mainly go to long-term holders, it may not seriously affect market liquidity. Allocating tokens to the foundation and community can support broader ecosystem goals, help improve Apto’s use case and adoption, which can reduce negative market reactions.
Aptos coin price outlook
In the first week of 2025, Aptos started the year with some impressive performances, adding over $100 million to its Total Value Locked (TVL), which pushed up to $1.074 billion and even reached $1.132 billion, according to DefilLama.
Data analyst Azin mentioned on X that the platform now has 4.3 million active wallets, bringing the total to 43 million. They have processed 39.3 million transactions with a 99.3% success rate, showing that the network is buzzing with activity. On NFT page, there were 2.3,000 unique trades worth $8.5,000, and DEX trading volume reached $170.4 million, among other highlights.
Looking at APT/USDT Daily Chartthe pair is trading at $10.33, showing a promising uptrend. The price is pushing towards the upper Bollinger band at $11.04, a sign that it may be slightly overbought, while support is at the lower band at $8.17.
The 50-day simple moving average (SMA) is at $11.69, acting as resistance for now, but the 100-day SMA has recovered to $10.72, which is a positive sign. A recent breakout past the $10.01 resistance level, which now acts as support, suggests a bullish change.
Right now, immediate support is $10.01, with deeper support at Bollinger bands average $9.60. If that level is broken, resistance at $11.69 could set the stage for mid-December highs near $14.00.
