• Aptos holders are gearing up for 4.5 million APT tokens to flood the markets on April 12th, which is equivalent to 0.454% of the total supply.
• Over the past month, APT has surged by nearly 12%, outperforming Bitcoin and the broader market.
• Token unlocks often increase supply and lead to a decline in value; this could be a potential outcome for APT as well.
Aptos Token Unlock
Aptos holders are preparing for an upcoming token unlock event scheduled for April 12th, where 4.5 million APT tokens will enter the market – equivalent to 0.454% of its total supply ($53 million). This follows a period of strong price growth where over the past month alone, APT has surged by 12%. However this surge may not last – token unlocks typically increase supply and lead to a decline in value, thus it could be a potential outcome for Aptos too as early investors look to liquidate their initial investment.
Price Performance
While Bitcoin’s YTD gains stood at 82%, Aptos was up by 235% during the same period – showing an impressive outperformance of both Bitcoin and the broader market. In addition, in January this year Aptos became one of the best-performing crypto-assets with even more gains being made over recent weeks leading up to April’s token unlock event.
Previous Unlocks
The last time Aptos unlocked 4.5 million tokens was on February 12th, which showed that after the release occurred there was a larger tanking than that for overall market – indicating that many had been selling before hand or were front-running what happened afterwords (the drop in price).
Selling Pressure?
With an upcoming token unlock expected to add further selling pressure through increased supply, it will be interesting whether Aptos can buck this trend or not and maintain its impressive price performance seen recently despite new tokens entering circulation on April 12th.
Conclusion
Token unlocks have emerged as popular way to slowly release assets into the market over time while also giving early investors or project team members a chance to liquidate their initial investment if they choose too – increasing overall selling pressure across markets like Bitcoin and Apto alike upon release dates like those scheduled later this month for APT holders looking ahead..