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Layer 1 blockchain Aptos unlocked 24.8 million APT tokens today — worth over $200 million and representing 8.9% of its circulating supply.

On the brink of a significant event in the cryptocurrency world, Aptos, a renowned Layer 1 blockchain, is gearing up for a major token unlock. Scheduled for December 12, this event will see the release of 24.8 million APT tokens, a considerable 8.9% of its current circulating supply, valued at a striking $195 million.

A bloody crypto market has welcomed the new week with a 4.4% drop in the market cap to $1.64 trillion. The widespread headwinds slashed Aptos price by 4.5% to trade at $7.78 on Monday during US business hours.

Over 24 million APTs worth over $200 million are set to be unlocked. The tokens set to be unlocked make up over 8% of the circulating supply.

Avalanche surged by more than 100% in the last 30 days. Aptos' price only moved by 5% last month, but its market indicators were bearish.

With hundreds of millions at stake, Avery Ching, co-founder of one of the year's most-talked-about new projects, has much to prove.

Nearly $334 million worth of tokens will be unlocked in December, with. Aptos, Optimism, and 1inch introducing a significant amount of new tokens.

After an testnet phase the crypto startup Econia Labs announced its order book is launching on Aptos mainnet.

Layer-1 competition escalates as SUI beats APT in total value locked, now eyeing $1 as the next target.

Thanks to a new collaboration, up to 15 million Web2 gamers will migrate to the blockchain segment and, in particular, Aptos (APT) smart contracts. Representatives of READYgg shared the names of the inaugural cohort of games that will go live on the new technical platform.

Decentralized platform Sushi announced integration with the Aptos blockchain for scalability, security, and improved user experience. In a blog post published on Nov. 20, Sushi announced the first non-Ethereum virtual machine (EVM) chain integration on Aptos.

READYgg and Aptos Labs are set to usher in a new era of gaming by onboarding up to 15 million web2 players into the web3 space.

The collaboration between READYgg and Aptos Labs fosters a sense of community and collaboration within the gaming ecosystem.

The demand for Aptos has declined in the last month. APT's open interest has seen a significant drop since the beginning of November.

Users across 27 blockchains are eligible for the massive drop, which kicks off Monday.

MATIC is among the few exceptions in the green today, having surged by 5%.

Nearly 10% of the total supply of Aptos (APT) was unlocked over the weekend as 24.84 million tokens were distributed to four main groups in the ecosystem. As part of its scheduled unlocks, 1.33 million APT worth $10.72 million was given to the Aptos Foundation, 11.88 million tokens worth $95.

Aptos gains attention with its recent unlock, which released tokens worth $181 million.

Aptos (APT) is facing a temporary existential threat as millions of the tokens are set to unlock, diluting its circulating supply. According to data from crypto analytics provider Lookonchain, a total of 24.84 million APT worth as much as $181.35 million will be unlocked Nov. 12, a move based on the protocol's predefined vesting schedule.

SK Telecom, South Korea's largest mobile carrier, has announced a collaboration with Aptos and Atomrigs Lab to further enhance its web3 wallet service, T wallet.

Aptos saw its network activity rally in Q3 due to the launch of social media platform Chingari on the protocol in July.

The company aims to strengthen ties with popular mainnets and dApps, particularly focusing on T wallet.

With the number of people involved in crypto in South Korea, SK Telecom aims to expand the accessibility of its wallet to attract more users and improve adoption in the country.

South Korean telecom giant SK Telecom has announced plans to launch its Web3 wallet service, T wallet, in partnership with Aptos and Atomrigs Lab. The telecom giant hopes to expand its affiliations with customer-preferred mainnets and decentralized applications (dApps) using this tripartite agreement with the blockchain companies.