Aptos (APT) declines ahead of massive unlock

Popular blockchain Aptos (APT) is in decline ahead of its $210 million unlock on February 11

Aptos (APT), which took action in the last quarter of 2023, managed to create a large community. Aptos has kept its community in an active ecosystem with its blockchain and mainnet initiatives. In this way, NFTs, DeFi projects and memecoin projects were launched on the Aptos network.

Although the Aptos ecosystem is developing, things are not going well for APT. As APT price decline continues, a massive unlock is approaching for the popular cryptocurrency. Aptos will unlock the $210 million APT on February 11.

Bells are ringing for Aptos (APT): The unlocking is approaching!

Aptos will unlock 24.84 million APT ($210 million) on February 11. According to data from TokenUnlocks, this unlock corresponds to 7.33 percent of the circulating supply.

Aptos carried out its last unlock on January 12 and unlocked 24.84 million APT. A similar unlocking will take place on February 11. Aptos regularly unlocks 24.84 million APT.

The popular cryptocurrency has a market cap of $2.89 billion based on circulating supply. The market value of the project, based on its maximum supply, is 9.2 billion dollars.

Bells are ringing ahead of the unlocking for APT. APT has fallen 14 percent since January 1, 2024. The popular cryptocurrency is moving towards the support point.

APT is close to the $ 8.25 support before February 11. If the popular cryptocurrency tests this support point and breaks below it, the price may retreat to the $7.70 support. If this support point is lost, the major support at $7 will be critical for APT.

If APT recovers from the pressure of the lock opening and rises, it can test $9.44. If this area is exceeded, there is a possibility that the price will return to $ 10 in a short time.