Aptos (APT) Slumps 7% as Token Unlock Weighs on Sentiment
CoinDesk
Aptos (APT) dropped 7% as trading volume surged ahead of a scheduled unlock of 11.3 million tokens.Summary
Aptos (APT) declined by 7% over 24 hours, falling to $1.6970, as investors repositioned ahead of a scheduled token unlock of 11.3 million APT tokens, which represents 1.5% of the total supply allocated to core contributors and early investors. Trading volumes jumped 38% above the 30-day average, with exceptional activity seen at the $1.90 resistance level, suggesting distribution by larger holders. Technically, APT established a bearish pattern of lower highs and lower lows after being rejected at $1.90. Primary support is established at $1.69-$1.70, but a failure below $1.69 could lead to a further decline.
(Source：CoinDesk)