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\t\t\t\t\t\t\t\tPosted: September 12, 2023 Aptos<\/a> has experienced a stable price trend over the past few days, except for a notable recent drop in value. Despite this recent price drop, another token batch is scheduled for release within the next 24 hours. What percentage of APT is expected to be released, and could this release influence the price trend further?<\/span><\/p>\n \u2013 How much are 1,10,100 APTs worth<\/a> today<\/p>\n According to data from Token Unlocks<\/a>, Aptos<\/a> was scheduled to unlock some of its tokens in less than 24 hours. The Token Unlocks website indicated that approximately 4.54 million tokens, valued at approximately $22.81 million, were set to be released. These tokens represented nearly 2% of the total circulating supply. As of this writing, roughly 82% of the tokens remained locked.<\/span><\/p>\n The unlocked tokens were intended to be distributed between the Foundation and the community. Specifically, the Foundation was poised to receive around 1.33 million APT<\/a>, equivalent to approximately $6.669 million in value. On the other hand, the community was set to receive 3.21 million APT, valued at approximately $16.11 million.<\/span><\/p>\n As per CoinMarketCap<\/a> data, the press time circulating supply of Aptos<\/a> exceeded 230 million tokens, with a total supply exceeding 1 billion. Furthermore, at the time of writing, the market capitalization stood at over $1.1 billion, although it had declined by more than 4% due to the recent price drop. <\/span><\/p>\n In contrast, the trading volume surged by over 20%, with approximately $80 million in trading volume recorded as of this writing. It remained uncertain whether this spike in trading volume was directly related to the impending token unlock event.<\/span><\/p>\n Although Aptos<\/a> managed to maintain a relatively stable price trend in the past, it recently experienced a significant decline over the past two days. On 10 September, it incurred a 5.6% loss, closing trading at approximately $5.1 per token. <\/span><\/p>\n As of this writing, the decline persisted, with Aptos trading at around $5.0 per token, reflecting a loss of over 2% in value. These consecutive declines pushed Aptos into the oversold zone on its Relative Strength Index (RSI).<\/span><\/p>\n Source: TradingView<\/p>\n<\/div>\n Furthermore, the impact of the token unlock still had to be determined with regard to the parties set to receive the unlocked tokens. However, if a sell-off were to occur, it could further negatively impact the price trend of APT.<\/span><\/p>\n \u2013 Realistic or not, here\u2019s APT market cap in BTC\u2019s<\/a> terms<\/p>\n Additionally, an examination of APT\u2019s funding rate on Coinglass<\/a> revealed consistent negativity over the past few weeks. As of the current writing, the funding rate stood at -0.02%. This negative value suggested that traders were predominantly speculating on a price decline. <\/span><\/p>\n
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\nCommunity and Foundation to receive unlocked Aptos<\/b><\/h4>\n
Analyzing the current Aptos supply and market capitalization<\/b><\/h4>\n
Price trend not so APT<\/b><\/h4>\n
![\"Aptos](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/APTUSDT_2023-09-11_11-11-46.png\")
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