📉 Aptos ( $APT ) Market Cap Tanks by $2 Billion Ahead of $134 Million Token Unlock

📉 Aptos Faces Market Decline Amid Token Unlock
Aptos (APT) has seen its market cap drop by $2 billion, coinciding with anticipation of a $134 million token unlock. This event is expected to trigger significant volatility for APT.

📊 Market Cap and Token Unlock Impact
Aptos’ market cap previously surged past $8 billion with a price rally to $15.25. However, the decline aligns with a market-wide downturn and the scheduled release of 2.11% of Aptos' total supply, valued at $134.47 million. Token unlocks often affect market stability by increasing circulating supply, potentially creating a supply shock.

⚠️ Volatility and Price Predictions
The token unlock could lead to high volatility for APT. If buying pressure fails to counter the increased supply, Aptos may face further price drops. Analysts predict the price could slide to $9.65 in the short term. Alternatively, if demand surges, APT could climb back to $15.33.

📉 Technical Indicators Signal Pressure
APT recently broke below an ascending triangle pattern, invalidating its bullish setup. The Cumulative Volume Delta (CVD) has turned negative, indicating stronger selling pressure than buying activity, further contributing to the likelihood of a price decline.

💡 Conclusion
Aptos investors should remain cautious as the token unlock introduces uncertainty and potential volatility in the short term.