Main navigation

'Solana Killer' Aptos Token up 50% in 2023, But This Fact May Cool Down Investors

Advertisement
Tue, 10/01/2023 - 10:46
'Solana Killer' Aptos Token up 50% in 2023, But This Fact May Cool Down Investors
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The price of the APT token has risen by almost 50% since the beginning of the year, going from $3.93 to $5.71 in just the last two days. APT is the native token of Layer 1 blockchain Aptos, created by Meta descendants and launched on the main network earlier in the autumn. For its similarities in some aspects of its operation, as well as its roots in Silicon Valley, Aptos has been dubbed the Solana killer.

Article image
APT to USD by CoinMarketCap

The staggering rise in APT's price came just in time, given that another 4.54 million APTs will be unlocked a day later, on Jan. 12. According to TokenUnlocks, 3.21 million APTs will be distributed to the community, while 1.33 million will go to a blockchain foundation.

Related

Scale of the "catastrophe"

At the current price of $5.71 per APT, this number of tokens equates to $26 million and represents 0.454% of APT's total supply of 1 billion tokens. However, the circulating supply of Aptos token is only 130 million APT, and of that number, the unlocked amount is 3.46%.

Advertisement

Related

Thus, the idea arises that the impressive surge in APT quotes, especially in recent days, could be directly related to Aptos' marketmaker's desire to soften the landing of the token's price after a large-scale unlocking takes place. Do not become someone's exit liquidity.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD