Crypto Traders Grow Bearish as APT to be unlocked then equates to 112%

Aptos will release 20 million APT tokens in November. APT shows traders grown bearish on the cryptocurrency.

The impending APT unlock is worth $103 million at the token's current market price of $5.15.

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The impending APT equals more than 8.5% of Aptos' circulating supply of 235.02 million.

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Tokens are often locked to keep the big bag holders – early investors and project team members.

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Tokens from liquidating their holdings all at once, for such an act would crater the market value.

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According to research firm The Tie, APT's November unlock will free up significant liquidity.

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The collective 20 million APT to be unlocked then equates to 112% of the average daily trading volume.

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5.83 million APT or 32% of the daily average volume, set to increase to 6.15 million APT in December.

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