Aptos (APT) is trading at $4.80 with a notable 13% weekly gain amid broader cryptocurrency market strength. However, this bullish momentum faces immediate pressure from a scheduled token unlock of 11.31 million APT – valued at $54 million – set for release today. The unlock represents 2.2% of APT’s circulating supply and historically risks increased selling pressure from recipients liquidating portions of their holdings.
Market activity shows substantial engagement with APT, registering a $473.7 million 24-hour trading volume. Derivatives metrics indicate mixed signals: open interest in APT futures rose 0.71% to $368.56 million, while derivatives trading volume dipped 3.50% to $345.95 million.
Technical analysis suggests a prevailing bullish trend for Aptos, but analysts caution that the substantial token unlock could disrupt near-term price action. Traders are monitoring absorption patterns of the newly released supply, which may be critical for sustaining APT’s recent gains during heightened volatility.