In a planned move, millions of aptos ($APT) tokens will be unlocked on Wednesday which is set to increase the circulating supply by 0.5%. By shauryamalwa.
on Wednesday in a planned move that’s set to increase circulating supply by 0.5%, data shows. The unlock is expected to occur on April 12 at 05:30 UTC.
The APT unlock is valued at over $50 million based on current prices. Unlocks refer to the automatic release of new tokens belonging to any blockchain network into the open market, often based on previously planned token plans. Token unlocks are significant events that have the power to sway the market as participants react to the move. The addition of tokens to the market allows early investors, developers, or other holders to sell their assets while the price is still high – which contributes to selling pressure.
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