Aptos conducted the release of 25 million coins on 12th December.
APT’s price grew by almost 20% following the unlocking event.
In a significant intraday surge, the price of Aptos [APT] coins soared by nearly 20% following the project’s successful unlocking of 25 million coins on the 12th of December.
The unlock, valued at over $200 million, fueled a wave of buying that propelled APT to its highest since June. AMBCrypto found that the coin rallied above the $9 price mark to peak at $9.13.
According to Token Unlock, the unlocking event saw the release of 1.33 million APT to the Aptos Foundation, 12 million APT to the project’s developers, 8.42 million APT to investors, and 3.21 million APT coins to community members.
Although the coin proceeded to shed some of the gains after the initial rally, the coin still posted a 9% price hike in the last 24 hours, data from CoinMarketCap revealed.
Bullish sentiment persists
The last week has been marked by a general decline in the
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