Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
 - EconoTimes)
Aptos Token Unlock Event on November 11, 2024
Today, November 11, 2024, Aptos (APT) is having a major token unlock, releasing 4.54 million APT tokens into circulation. This event is part of a trend in the crypto market where many projects are increasing their circulating supply through scheduled releases.
Details of the Token Unlock
- Amount Unlocked: 4,543,478 APT tokens
- Impact on Supply: This unlock adds about 0.45% to the total supply of Aptos tokens.
- Market Context: The overall crypto market is experiencing several unlock events this week, with Aptos standing out at a total value of around $93 million from this release. Such events can often lead to increased market volatility and affect token prices due to the new supply coming in.
|
Category |
Percentage Increase |
Token Increase |
|
Community |
0.63% |
+3.21M tokens |
|
Core Contributors |
2.08% |
+3.96M tokens |
|
Foundation |
0.81% |
+1.33M tokens |
|
Investors |
2.08% |
+2.81M tokens |
Market Reaction
Typically, token unlocks can create bearish sentiment, leading to sell-offs as more tokens become available. After previous unlocks, Aptos has shown mixed outcomes, with some price corrections occurring soon after the release. Investors should watch the market closely as today’s unlock takes place. This event is part of Aptos's plan to gradually introduce tokens while managing the impact on the market.
