Aptos (APT) is set to experience a significant token unlock event this week. The event is recorded as the unlock with the highest value of the week. The question of whether an impact on the market price is expected remains a topic of discussion.
It is indicated that 24.84 million tokens will be unlocked on December 12th, and their total value exceeds $216 million. These tokens will be distributed to the foundation’s main contributors, community, and investors. The tokens to be released constitute approximately 8.9% of the current circulating supply.
While the current circulating supply of Aptos is 278.9 million, its market value is over $2.3 billion. Moreover, the release of 8% of the circulating supply into the market, which has a value exceeding $200 million, could change market dynamics and potentially lead to a decrease in prices.
According to the latest update, the trading volume of Aptos is around $173 million, and the token price is trading at around $8.3. These price movements display a pattern between rising and falling trends in recent weeks.
An RSI (Relative Strength Index) value above 60 could indicate an ongoing bullish trend. However, it is observed that Aptos’s value decreased by 3% in the previous trading session.