- Token Unlocks, upcoming Aptos token unlock event details shared.
- The event will gradually release approximately $105.63 million worth of tokens from May 2024 to October 2026.
- “Unlocking $105.63M in $APT” – Token Unlocks
Discover the latest developments in the Aptos token unlock event, impacting the crypto market significantly.
Aptos Token Unlock Event: Key Details
The Aptos token unlock event is set to commence in May 2024 and will continue until October 2026. During this period, approximately 11.31 million tokens will be released around the 11th and 12th of each month. This gradual release aims to introduce a total of $105.63 million worth of tokens into the market.
Distribution Breakdown
According to TokenUnlocks, the distribution of the unlocked tokens will be as follows:
- 35% allocated to founders and the Aptos team
- 28% distributed to community members
- 25% reserved for private investors
- 12% held in reserve
This distribution strategy is designed to ensure a balanced allocation of tokens across different stakeholders, potentially stabilizing the market impact.
Market Impact and Analysis
The token unlock event is expected to significantly affect the circulating supply of Aptos (APT) tokens. The most recent unlock event on May 12, 2024, released 11.31 million APT tokens, representing 2.59% of the circulating supply, valued at $94.78 million. The next event is scheduled for June 12, 2024, with a similar release of 11.31 million APT tokens.
As the circulating supply increases, the price of APT may experience volatility. Recent market data shows Aptos trading at $9.01, a 3.47% decrease in daily value. The market capitalization has also dropped by 3.35% to $3.93 billion, with a 24-hour trading volume decline of 13.33%, reaching $125.76 million.
Conclusion
The Aptos token unlock event is a significant development in the crypto market, with potential implications for token value and market dynamics. Stakeholders should closely monitor these events to understand their impact on the overall market and make informed investment decisions.
