Bearish
Aptos (APT) drops 3.12% following scheduled token unlock on July 12, 2026.
Aptos (APT) experienced a 3.12% decline over the past 19 hours, primarily due to a scheduled token unlock on July 12, 2026, which increased the circulating supply by 11.31 million tokens, valued at approximately $7.15 million. This event led to pre-unlock selling pressure and hedging activities, contributing to the price drop. Despite this, Aptos has demonstrated positive network fundamentals, including a quarterly high in network activity and token burns, which may support long-term value.
Key points
- Scheduled token unlock on July 12, 2026, increased circulating supply by 11.31 million APT tokens, valued at approximately $7.15 million, leading to a 3.12% price decline.
- Positive network fundamentals, including a quarterly high in network activity and token burns, may support long-term value.
- Broader market conditions remain relatively stable, with the total crypto market cap slipping about 0.54% over the same 24-hour period.
Sources
AI-generated from public news sources. Not financial advice.
