Aptos’ APT Token Slides Ahead of $30M Unlock
APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.
Aptos blockchain’s native token APT has slid ahead of this week’s unlock of more than 2% of the circulating supply.
Data from TokenUnlocks shows that more than 4.5 million APT tokens, worth about $30 million, will be unlocked on Friday. 3.21 million tokens, or $21 million, will be distributed to the community, while the remaining tokens will be distributed to the Aptos Foundation.
Token unlocks can often correspond with drops in asset prices as investors try to sell ahead of what could be a flood of new tokens on the markets.
APT has decreased by over 3.2% in the past 24 hours and 7.1% in the past seven days to $6.57, performing worse than
Aptos previously unlocked roughly $30 million worth of APT tokens in July 2023 and $50 million in April 2023. In both instances, APT had decreased in price a week leading up to the day of the unlocks.
Aptos representatives did not respond to a CoinDesk request for comment by press time.
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CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
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- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
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