Aptos (APT) Price Analysis: Could the Token Slip Ahead of a Major Token Unlock?

Aptos (CRYPTO: APT) price showed signs of losing momentum on Monday ahead of a major token unlock, while interest remained strong in the blockchain network, evidenced by a high staking ratio and the presence of stablecoins.

What Happened: Aptos price dropped to a low of $8.46 last week and recovered to $10. The token is set to be unlocked again later this week.

According to the tokenomics, 11.32 million tokens will be unlocked. The tokens are allocated to the community, core contributors, investors and the foundation.

The total supply of Aptos tokens is 1.13 billion, out of which 558 million are in circulation. Commencing 2023, 11.3 million tokens will be unlocked on the 12th of every month till 2032, when all tokens will be released.

Why It Matters: The token unlocks are significant as they dilute the holdings of existing investors, particularly those who have staked the token. A portion of the unlocked tokens tends to move into the staking pools.

Aptos is among the tokens with the highest staking ratios in the industry. The token offers a staking yield of 7%.

The staking ratio for the token has risen to 78.6%, which translates to $8.9 billion of the market cap. The staking yield for the token is higher than that of tokens such as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL).

In theory, a cryptocurrency is expected to decline ahead of a token unlock. However, this may not always happen in reality as market participants price in the unlock.

Aptos boasts a thriving decentralized finance ecosystem, with 44 dApps and a total value locked of $1.1 billion.

The largest players in the Aptos DeFi ecosystem include Aries Markets, Echelon Market, Cellana Finance and LiquidSwap.

Aptos has also attracted stablecoins worth $647 million, with Tether being the most dominant.

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