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Token Unlocks, a leading provider of cryptocurrency tokenomics data, has disclosed details regarding an upcoming Aptos (APT) token unlock schedule. According to the platform, Aptos will gradually release approximately $105.63 million worth of tokens into the market from May 2024 until October 2026. This will involve the release of 11.31 million tokens on the 11th and 12th of each month until the conclusion of the event.
🚨 Unlocks Alert: Unlocking $105.63M in $APT
— Token Unlocks (@Token_Unlocks) May 30, 2024
From May 2024 to October 2026,@Aptos unlocks 11.31M tokens around the 11th and 12th of every month.
Founder/Team – 35% 🌟
Community – 28%
Private Investors – 25%
Reserve – 12%
Set your calendar and prepare for unlocks. 🗓️ pic.twitter.com/DlVsi9Q5ix
The tokenomics platform revealed that 35% of the tokens are allocated to the founders and the Aptos team, while 28% will be distributed to community members. Additionally, private investors will receive 25% of the tokens, and 12% will be held in reserve.
Furthermore, the latest Token Unlocks data shows 344.89 million APT tokens have already been unlocked.
The most recent unlock event occurred on May 12, 2024, when 11.31 million APT tokens, representing 2.59% of the circulating supply, were released, amounting to $94.78 million. The next unlock event is scheduled for June 12, 2024, during which another 2.59% (11.31 million) APT will be introduced into the market.
Token unlocks involve the planned release of tokens from a blockchain project into the market, thereby increasing the circulating supply. Consequently, these releases can potentially impact a token’s value and overall market behavior.
As of the latest market data, Aptos is trading at $9.01, reflecting a 3.47% intraday decline. APT’s market capitalization has similarly decreased by 3.35% to $3,932,195,165. Its 24-hour trading volume has also dropped by 13.33%, reaching $125,764,674.
However, Aptos has experienced a slight uptick 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. Based on Coincodex’s price projections, Aptos’s 200-day SMA is projected to rise to $11.59 by June 29, 2024, while the short-term 50-day SMA is also projected to reach $14.70 by the same date.
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