Aptos Trading at $4.80: Could $54M Unlock Impact Short-Term Price Trends?

Key Points

1. Aptos (APT) is currently trading at $4.80, reflecting a 13% increase over the past week.

2. On August 11, approximately 11.31 million APT tokens (worth $54 million) will be unlocked, representing 2.2% of the circulating supply.

3. The asset has a 24-hour trading volume of $473.7 million, indicating strong market interest.

4. Open interest in APT futures increased by 0.71% to $368.56 million, while derivatives volume decreased by 3.50% to $345.95 million.

5. Technical indicators suggest a bullish trend, but the upcoming unlock could introduce selling pressure.