Aptos (APT) Price Drops 7% Amid Major Token Unlock Event

The Aptos (APT) cryptocurrency experienced a significant price decline of approximately 7% following a scheduled token unlock event. This release of a substantial number of previously locked tokens into the circulating supply has increased selling pressure and negatively impacted market sentiment. Such unlock events are closely monitored by investors as they can lead to increased volatility. The price movement highlights the immediate market reaction to changes in tokenomics and supply dynamics for the Aptos blockchain.