Aptos Crypto Braces for $100M Sell-Off in Next Major Token Unlock

Author
Last updated on:
Fact Checker's Full Profile
Fact Checker
Author's Full Profile

Aptos token unlock is releasing over $100 million of APT today. Will APT price fall after a 22% gain in a week? Check out the APT price today.

Aptos (APT) holders have endured a torrid year.  Although there were gains in the first quarter, price action quickly turned south in subsequent months, calling into question the strength of bulls.

Yet recent months have seen a reversal. At press time, the APT price apt-aptos icon apt-aptos icon Price Trading volume in 24h Last 7d price movement is on an uptrend, building on gains posted from mid-September.

Aptos Foundation Releasing 11.31 Million APT ($100 million) Today

Buyers may pick up, building on this strength, but prices may slide with the Aptos Foundation releasing 11.31 million APT today.

The 11.31 million coins hitting circulating at spot rates translates to about $100 million. From a fundamental perspective, this could be a massive supply dump, a net negative for bulls.

Aptos releasing over $100 million of APT today. Will prices fall after a 22% gain in one week? Eyes on the Flockerz presale

(Source)

Over the years, over 401 million APT have been released. Aptos Foundation does this every month. Every dump tends to accelerate sell-offs, especially during bear runs.

In uptrends, buying pressure could slow down as traders factor in shifts in tokenomics, pulling out their longs in the process. It is only understandable.

 

Whenever there is a wholesale “cliff release,” like it is now, the flood of coins, including from early adopters and investors, hitting exchanges forces weak hands to sell.

Like any asset, dilution only means erosion of value.

Subsequently, the resulting sell-off means more pain, even for long-term holders and the team.

DISCOVER: The Hottest Altcoins to Buy This Crypto Bull Run

APT Up 22% In 7 Days, Will Bulls Take Over?

From the chart, APT is up 22% from November lows, marking a solid start. However, from the APTUSDT daily chart, sharp gains above $10 are required for the buy trend to continue.

On the other hand, any break below $7, reversing mid-week gains, could derail optimistic bulls.

In turn, APT may sink back to September lows to continue the bear trend.

Aptos releasing over $100 million of APT today. Will prices fall after a 22% gain in one week? Eyes on the Flockerz presale

(APTUSDT)

On the upside, if bulls are successful, confirming September gains, Aptos may fly to $14.

Amid this mixed price reaction and the real possibility of navigating potentially turbulent bearish events in the coming days, investors are closely monitoring other betas, including Flockerz.

DON’T MISS: These Meme Coins Might 100X In The Next 6 Months

Flockerz Presale Raises $1.3 Million: Is FLOCK A 10x Gem?

Flockerz is unique, seeking to advance crypto and blockchain ideals of decentralization and diffusion of power to the masses.

Apart from this novel proposition, Flockerz is also tapping into the popularity of meme coins.

In the ongoing presale, Flockerz has raised over $1.3 million. Each token is changing hands for $0.0059571.

To purchase FLOCK, connect your non-custodial wallet and buy any amount you desire. The time to buy is now. Prices will increase after 22 hours.

At its core, Flockerz is a meme coin project whose native token, FLOCK, has utility and plays a crucial role in its FlockTopia DAO.

Their innovative vote-to-earn system empowers token holders, encouraging them to participate in governance decisions.

The more the voting, the more rewards.  

Interestingly, this is a refreshing departure from what traditional meme coins offer. While most offer no utility at all, Flockerz is changing this approach by distributing tokens with real-world use.

The FlockTopia DAO diffuses influence from a small cohort of leaders to FLOCK holders.

Beyond voting, FLOCK can be staked.

When writing, the annual APY for stakers is 1,289%.

It signals that the team wants its active community to take over, driving the platform’s evolution.

 

Since Flockerz combines the excitement of meme coins and the power of decentralized governance, analysts on YouTube think FLOCK can easily 10X in the coming months.

VISIT FLOCKERZ HERE

EXPLORE: Trump’s Election Win Fuels Bitcoin Price Past $75K as Pump.Fun Rival Pepe Unchained Shatters $25M Milestone

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Dalmas Ngetich

Dalmas is an experienced journalist with over a decade in crypto, technology, and blockchain. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, and Entrepreneur, among others. He is passionate about crypto... Read More

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service
We hate spam as much as you do. You can unsubscribe with one click.