Aptos will unlock 20 million APT on November 12, accounting for more than 8.5% of the circulating supply

Odaily News Token Unlocks data shows that Aptos will unlock 20 million APT tokens (approximately US$103 million at the current price) at 0:00 UTC on November 12 (8:00 on November 12, Beijing time). This is equivalent to more than 8.5% of the circulating supply of Aptos of 235.02 million. This will be the first unlock for teams and investors. Research firm The Tie said the number of these APT tokens unlocked in November was equivalent to 112% of the average daily trading volume over the past 30 days. The research firm said earlier this year that releasing liquidity or accounting for more than 100% of average daily trading volume tends to affect prices. The Tie said: “These unlocks will occur on a monthly basis and coincide with the monthly staking reward unlocks (5.83 million APT or 32% of average daily trading volume, which will increase to 6.15 million APT in December). In addition, since Since last year, 4.62 million APT have been unlocked for communities and foundations every month.” (CoinDesk)