Neutral
Aptos (APT) gains 10% amid token burn and faces 11.31M APT unlock risk
Over the past 24 hours, Aptos (APT) experienced a 10% price increase, driven by a significant token burn event. However, the upcoming release of 11.31 million APT tokens on October 11, 2026, may introduce selling pressure, potentially impacting the token's price.
Key points
- Aptos' price surged by over 10% in the past 24 hours, with trading volume exceeding $109 million.
- The network's 10-fold increase in transaction fees has led to the burning of 1.7 million APT tokens, contributing to a reduction in circulating supply.
- An upcoming token unlock event on October 11, 2026, will release approximately 11.31 million APT tokens (about 0.54% of the total supply), potentially increasing market supply and affecting price dynamics.
Sources
AI-generated from public news sources. Not financial advice.
