Aptos Crypto Shows Weakness Amid $121M APT Unlock: Here’s The Outlook for APT Price
Aptos crypto is firm, and APT price bulls may break higher. Even so, today’s unlock might slow down bulls. Time to buy more Pepe Unchained?
Crypto prices have been a tear since Donald Trump became president-elect. Aptos, Ethereum, Bitcoin, and even upcoming but quality presales like Pepe Unchained have benefited immensely.
As of writing, APT
Price
Trading volume in 24h
Last 7d price movement
, the coin priming the broader Aptos ecosystem, is up +40% in 10 days, lifting off following the likes of Bitcoin and other top altcoins.
$APT hit $1b TVL today
I don’t know how you can’t be bullish enough.
Foundation is on a heater right now like Jordan in game 6.
Builders coming over everyday.
Community growth is growing substantially.$APT is king pic.twitter.com/Slp96TN8jQ
— B&T (@bakedandterpys) November 11, 2024
Aptos Crypto Rising: Will APT Unlock Cap Gains?
Today, on November 11, the Aptos Foundation will release 11.31 million APT, worth over $121 million at spot rates.
(Source)
Interestingly, unlike linear unlocking, where a given amount of tokens are released regularly for a given period, the cliff unlock will see a block number of APT released all at once.
The impact will be more supply.
Since price action is influenced by supply and demand, the expected SPT “glut” may be an obstacle for bulls targeting $15 and March 2024 highs of around $20.
(APTUSDT)
It is a concern, especially now that the community and investors receive more allocation from this unlock.
Over the years, the foundation has distributed over 510 million APT to the community and more than 134 million to investors.
(Source)
Meanwhile, the foundation and core contributors have received 165 million and 190 million, respectively.
You won’t expect the team and developers to dump the token immediately. However, community members and investors can cash out, profiting from price gains.
The good news for APT bulls is that the market is trending higher. As such, traders will likely hold in anticipation of further price gains.
It will be a huge boost for long-term holders concerned about the continuous liquidation of APT over the coming days.
While APT holders must closely monitor the impact of this unlock, a new player, Pepe Unchained, is drawing attention to the vibrant meme coin sphere.
Pepe Unchained Raises Over $26 Million: Is PEPU A 100X Gem?
In the ongoing presale, Pepe Unchained has raised over $26 million. At the current phase of this presale, PEPU is trading for just $0.01249.
Of note is that the crowd fund is attracting global investors looking to scoop the team at a possible discount.
It is understandable.
YouTube analysts expect PEPU, the native token, to fly on launch and possibly register a 100X, riding on improving crypto sentiment.
Ahead of the highly anticipated PEPU release, Pepe Unchained has launched the Pump Pad, a meme launchpad similar to Pump.fun on Solana or SunPump on Tron.
Unlike these two competitors, Pump Pad is straightforward to use. To simplify meme coin launches, there is a simple two-click system for creating and launching on Pepe Unchained’s layer-2, Pepe Chain.
Additionally, the Pepe Unchained meme coin launchpad offers distinct features like locked liquidity for every new token minted and a no buy-or-sell tax. Simply put, these are what every meme coin trader and launcher wants.
Since speed, low fees, and scalability is critical, Pepe Chain will be 100X faster than Ethereum, scalable, and has near-zero fees, attractive for degen traders sniping in on new meme coins.
Even if Pepe Unchained focuses on meme coins, it will remain interoperable with Ethereum. This is why traders or meme coin projects wishing to tap into the Ethereum ecosystem are looking forward to the layer-2 launch.
To earn even more PEPU, presale investors are staking in record numbers. Over 1.7 billion PEPU have been staked, receiving a 91% APY.
FIND OUT MORE ABOUT PEPE UNCHAINED
EXPLORE: a16z Crypto Team Optimistic About Crypto Under New Trump Administration
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