Crypto Mining

Aptos unlocks approximately 25 million APT tokens, worth over $200 million.

Aptos, a layer 1 blockchain founded by former Meta executives, launches 24.8 million units appropriate

+4.59%
According to TokenUnlocks, the tokens, which currently account for 8.9% of the circulating supply, are worth approximately $201.7 million.

The majority (approximately $96.4 million) of the unlocked funds went to core contributors. According to TokenUnlocks data, $68.4 million went to investors, $26.1 million to the community, and $10.8 million to the Aptos Foundation.

After the same amount of APT tokens were released during the unlock period on November 12, the price of APT fell 13.4% from $7.82 to $6.77 over nine days before recovering, according to price data from The Block. The token is currently trading at $8.09, up 3.4% since the last unlock amid generally optimistic cryptocurrency market conditions.

APT/USD price chart. Image: Block/TradingView.

Aptos is a relatively new layer 1 blockchain based on the Move programming language developed by Meta, which aims to provide a faster and more scalable alternative to other networks. However, Aptos suffered a five-hour outage last October and some cryptocurrency exchanges, including Binance, OKX, and Upbit, temporarily suspended APT deposits and withdrawals.

Significant ApeCoin and Optimism token unlocks are still scheduled.

ApeCoin and Optimism are the biggest remaining unlocks this year. We plan to launch $26 million worth of products. monkey

+0.10%
and $56 million worth of OP

+1.39%
According to TokenUnlocks data, they are recorded on December 17th and December 30th respectively.

ApeCoin, the governance token of the ApeCoin DAO and connected to the Bored Ape Yacht Club NFT community, will release 15.6 million APE tokens on December 17th. This is worth $25.9 million, or 4.2% of the current circulating supply.

Ethereum Layer 2 Optimism (OP mainnet) will launch 24.2 million OP tokens on December 30th. The unlocked amount, which represents 2.7% of the circulating supply, is currently worth $56.1 million.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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