Inside Aptos’ Token Unlock Plan: Dates, Numbers, and Potential Market Disruption
Token Unlocks, a well-known provider of cryptocurrency tokenomics data, has revealed exclusive information about Aptos (APT) token unlock schedule. According to the platform, over the course of May 2024 to October 2026, Aptos plans to release around $105.63 million worth of tokens into the market. The tokens will be gradually unlocked on the 11th and 12th of each month, with a total of 11.31 million tokens being released during each unlock event.
The breakdown of the token allocation reveals that the founders and the Aptos team will receive 35% of the tokens, while 28% will be distributed to the community members. Private investors will be entitled to 25% of the tokens, and 12% will be held in reserve.
It is important to note that Token Unlocks data indicates that 344.89 million APT tokens have already been unlocked. The latest unlock event took place on May 12, 2024, where 11.31 million APT tokens were introduced into the market, accounting for approximately 2.59% of the circulating supply and worth $94.78 million. The next unlock event is scheduled for June 12, 2024, during which another 11.31 million APT tokens will be released.
Token unlocks can have a significant impact on a token’s value and overall market behavior as they increase the circulating supply of the token. Therefore, investors should closely monitor these unlock events and consider their potential implications.
As of the latest market data, Aptos token is currently trading at $9.01, experiencing a 3.47% intraday decline. The market capitalization of APT has also decreased by 3.35% to $3,932,195,165, while the 24-hour trading volume has dropped by 13.33% to $125,764,674.
Despite the recent decline, Aptos has shown a slight improvement in its monthly and year-to-date performance, with gains of 3.9% and 6% respectively. The token is currently trading 26.28% above its 200-day simple moving average (SMA) of $7.14. According to Coincodex’s price projections, Aptos’s 200-day SMA is projected to reach $11.59 by June 29, 2024, with the short-term 50-day SMA projected to reach $14.70 by the same date.
Please note that the information provided in this article is for informational and educational purposes only. It should not be considered as financial advice, and Coin Edition holds no responsibility for any losses incurred as a result of using the mentioned content, products, or services. Readers are advised to exercise caution and conduct their own research before making any investment decisions regarding Aptos.