Aptos down 4% as 4.5M APT token unlock nears

Aptos (APT) declined roughly 4% in the last 24 hours to $11.2452 at the time of writing, according to CryptoSlate data.

The value decline was majorly caused by the imminent unlock of 4.5 million APT tokens which analysts have predicted would increase the selling pressure on the asset. According to DeFillama data, the unlock is valued at around $50 million based on current prices.