- Project Name / Organization
- Project Description: Goals, Plans, etc.
- Value Proposition to the Aptos Ecosystem
- Milestones with Deliverables + Timeline
- Team: Skills, Experience & Motivation
- Technical Architecture Overview, if applicable
- Key Risks & Challenges
With a substantial token release on the horizon, Aptos’s (APT) valuation braces for potential shifts as market availability spikes.
Nearly 10% of APT’s supply is set to be released, possibly prompting sales as stakeholders seek profits from the recent price surge.
Aptos’s anticipated token influx could impact the price, following a near 50% increase since optimism swept the crypto market in mid-October.
Aptos (APT) has emerged as one of the standout performers in the ongoing cryptocurrency market rally. Although the price exhibited a steady upward trajectory during this period, it has moderated recently, prompting traders to closely monitor the forthcoming cliff unlock event scheduled for November 12.
The Aptos (APT) community anticipates the impending cliff unlock event prominently displayed on the network’s calendar. A substantial quantity of 24.48 million APT tokens, valued at approximately $181.35 million, is set to enter the market on the specified date. These tokens will be distributed among key stakeholders, including the foundation, core contributors, investors, and the broader community.
The significance of this unlock event lies in its scale, representing nearly 10% of the entire supply of Aptos tokens. This substantial release is expected to introduce a degree of volatility into the Aptos market as various recipients, including investors, core contributors, and the community, may seek to capitalize on immediate profit opportunities.