APT Price Rises 1.8% to $1.76 Amidst Major Token Unlock Event

The price of Aptos (APT) has demonstrated resilience, climbing 1.8% to reach $1.76. This upward movement is notable as it occurs against the backdrop of a significant token unlock event, which often creates selling pressure in the market. The unlock involved the release of a substantial portion of APT tokens into circulating supply. Despite this typical bearish overhang, the APT market has absorbed the increased supply without a major price decline, suggesting underlying buyer interest and potential strength. Market analysts are watching to see if this positive momentum can be sustained in the coming days as the market fully digests the unlock's impact.