FxWirePro- Token Unlock tomorrow (APT)

On December 11, 2024, Aptos (APT) will release 11.31 million tokens at 4 PM UTC. This event is important because it will add about 2.13% of the tokens currently in circulation to the market. These tokens are worth around $153 million based on today's price.

Unlock date: December 11

Number of tokens unlocked: 11.31 million APT

Current circulating supply: 535.76 million APT

Aptos is a layer 1 blockchain created by Aptos Labs and is often compared to Solana.

It works with a group of validators who help process user transactions using a method called proof-of-stake, which is safe and reliable.

The unlocked tokens will be allocated as follows:

Foundation:  1.33 million tokens(0.81%)

Community:  3.21 million tokens (0.63%)

Core Contributors: 3.96 million tokens (2.08%)

Investors:  2.81 million tokens (2.08%)

APTUSD support and resistance-

Resistance - $20

Support- $4