Aptos (APT) Token Unlock: Surpassing Expectations!

The Layer 1 blockchain project Aptos released 24.8 million tokens on December 12, making up 8.9% of its circulating supply. Typically, such token releases are seen negatively, as they increase supply and potentially decrease value. Contrary to expectations, Aptos’ token APT surged nearly 14%, reaching a six-month high with a total value of approximately $201.7 million.

The distribution of these tokens saw core contributors receiving $96.4 million, investors $68.4 million, the community $26.1 million, and the Aptos Foundation $10.8 million. This data comes from TokenUnlocks. Despite a similar token release on November 12 leading to a 13.4% price drop, the recent release has boosted APT’s value to $8.8 on December 12, marking a 20% monthly increase.

Aptos, created by ex-Meta employees in 2021, has attracted substantial funding from leading venture capitalists. It’s also partnered with tech giant Microsoft for AI and Web3 initiatives and South Korea’s SK Telecom for a joint agreement. However, Aptos experienced a significant service outage in October, causing top crypto exchanges to pause APT transactions temporarily.

Read more from the blog

Vijesti

3 svi 2023

StoneBlock CEO: Nervous investors will be eliminated from the market

Vijesti

15 tra 2024

BITRACE PROVIDES CRYPTO CRIME INVESTIGATION TRAINING TO HONG KONG POLICE

Vijesti

15 tra 2024

VENTURE CAPITAL INVESTMENT IN BITCOIN STARTUPS SKYROCKETS