Aptos Slumps 7% as Token Unlock Weighs on Sentiment

APT$1.7118 declined 7% over the last 24 hours as investors repositioned ahead of a scheduled token unlock.

Wider crypto markets also fell, with the CoinDesk 20 index lower by 4.2% at publication time, according to CoinDesk Research’s technical analysis model.

Volume surged 38% above the 30-day average as APT retreated from an early peak of $1.90, where exceptional trading reached 6.81 million tokens, nearly triple normal levels.

The selling pressure intensified as market participants positioned for the scheduled unlock of 11.3 million APT tokens, representing 1.5% of total supply flowing to core contributors and early investors.

Technical weakness dominated price action following the $1.90 rejection, with APT establishing a series of lower highs and lower lows.

The token found preliminary support near current levels after testing $1.69 multiple times, though volume patterns suggested continued distribution by larger holders.

• Primary support zone established at $1.69-$1.70 following three successful defense attempts
• Major resistance confirmed at $1.91 where exceptional volume marked heavy selling interest
• Daily activity running 38% above 30-day moving average, confirming institutional participation
• Peak volume of 6.81M tokens (180% above normal) occurred at $1.90 resistance, validating distribution
• Descending pattern from $1.90 peak established near-term bearish structure with lower highs
• Break above $1.71 required to challenge stronger resistance near $1.90 session high
• Support failure below $1.69 could trigger next major decline based on previous consolidation zones

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