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The crypto space experiences a bearish sentiment as top cryptocurrencies continue to record significant price volatility in their respective charts. The Aptos (APT) price has recorded a correction of approximately 10% within the past day and has cumulatively lost over 12% during the past week. The Aptos price traded in a narrow space between $7.
This week, around five crypto projects are gearing up for token unlocks, as reported by Token Unlocks. One of the most significant unlocks is from Aptos (APT), with plans to release tokens worth $228.05 million on January 12.
Aptos and Terra Classic's Altrank registered improvements, meaning that there were chances of price upticks in the coming days.
Aptos has recently been seeing a decline in price as it prepares to see more token unlocks.
The cryptocurrency market rebounded tentatively on Friday morning, with major digital assets trading in the green. Bitcoin made a partial recovery from Wednesday's low and the prices topped $43,000 — up nearly 160% from a year ago.
This leading Layer-1 crypto project continues to see strong momentum to kick off 2024.
Crypto Price Prediction January 4: The crypto market is generally and gradually easing into the New Year bullish outlook after encountering extreme volatility on Wednesday. Bitcoin price retreated, pulling the entire market down with it as holders sold in reaction to a report by Matrixport alleging that the Securities and Exchange Commission (SEC) will not
Following a $600 million crypto market crash, many leading altcoins hit their monthly lows. However, skepticism over Matrixport's report and the SEC's recent talks with stock exchanges about ETF launches brought a market rebound. As a result, Aptos significantly recovered, regaining its pre-crash value completely.
More than 20 cryptocurrency projects have scheduled their token unlocks for this month, planning to release over $600 million worth of digital assets into circulation, according to Token Unlocks data.
In a remarkable development, the Aptos blockchain, spearheaded by Meta's Diem engineers, has witnessed an explosive surge in activity, signaling a potential paradigm shift in the digital asset landscape. Aptos Explorer data reveals a staggering 43% spike in active accounts, soaring from 667,382 to an impressive 955,961 between Dec. 23 and the present day.
Aptos (APT), the layer-1 blockchain network deemed a strong Solana competitor, has jumped as high as 10% in intraday trading as demand returned for the first time in weeks. At the time of writing, Aptos is trading for $10.08, raising its market capitalization to $3,094,513,055.
Aptos is the latest network to see the deployment of Inscriptions, which could affect key metrics.
Aptos is a layer 1 blockchain developed by Aptos Labs. It is considered a Solana killer.
The cryptocurrency market is experiencing a significant surge, with Bitcoin (BTC) leading the way, having recently crossed the $43,000 mark. This uptrend is also reflected in various altcoins. This positive momentum is largely attributed to the Federal Reserve's dovish stance, projecting rate cuts in the coming year.
On 12th December, Layer 1 blockchain network Aptos conducted the release of 25 million APT coins worth over $200 million.
On December 12, Aptos, a blockchain project in Layer 1, started the release of 24.8 million tokens, accounting for 8.9% of its current circulating supply. Token unlockings are often seen as negative events because they boost the asset's supply by releasing coins from a vesting period, which includes distribution to early investors.
Despite the market trading under a bearish influence, the APT price has managed to record profits of over 4% during the past day. The coin has displayed strong positive moves, resulting in the Aptos token adding significant value to its portfolio this year. The APT price traded in a closed space between $6.7628 and $7.
Aptos released over $200 million worth APT tokens, constituting 8.9% of its circulating supply today.
Contrary to the last token unlock in November, when the APT token witnessed a drop in prices, the current token unlock has taken prices significantly higher. What Happened: Founded by ex-Meta executives, Layer 1 blockchain Aptos (CRYPTO: APT) announced the release of 24.84 million tokens that account for 8.9% of its circulating supply.
On Dec. 11, Aptos released 24.84 million APT tokens, 8.89% of its total supply, valued at around $218.8 million. This event coincided with a significant market upturn for Aptos, witnessing a 15.7% increase in value to $8.83 in the 24 hours leading up to 8:10 p.m.
The Layer 1 blockchain Aptos, initiated by former Meta executives, has executed a substantial token release. On December 12, the blockchain network unveiled 24.8 million APT tokens, constituting 8.9% of its circulating supply, estimated at around $201.7 million.
The L1 chain has unlocked 24.8 million APT tokens today, constituting 8.9% of the network's circulating supply.
The crypto market has been rocked by massive token unlocking, with Aptos leading the way by releasing 24.8 million of its APT tokens. This Layer 1 blockchain, founded by former Meta executives , valued at more than $200 million , represented 8.9% of its circulating supply.
Layer 1 blockchain Aptos unlocked 24.8 million APT tokens today — worth over $200 million and representing 8.9% of its circulating supply.
