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- $50M unlock caused only a 0.94% price spike
- Speculative interest and DEX volumes are declining
- APT likely range-bound unless sentiment flips bullish
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Aptos (APT) underwent a major $50 million token unlock — equating to 11.31 million APT — on September 11 at 10:00 AM UTC. Despite the scale of this release, the event barely nudged the price charts, sparking debate within the community about the network’s market dynamics and investor sentiment.
The token unlock is part of Aptos’ routine monthly emissions program designed to support its ecosystem and reward early investors. While past unlocks occasionally triggered price volatility — like a 6% bounce during last month’s event — this one resulted in only a minor 0.94% uptick.
Stagnant Speculative Demand Limits Price Upside
Data from Santiment highlighted that APT’s weighted sentiment has remained negative since late August. More notably, speculative interest has declined sharply, with open interest (a measure of active futures contracts) falling steadily since late July.
This lack of futures market demand stands in stark contrast to early July, when a surge in leveraged positions pushed APT from $4.30 to over $5.50. Analysts suggest that a renewed wave of speculative buying will be crucial to fuel any meaningful price recovery in the near term.
Network Activity Declines as DEX Volumes Shrink
Further pressuring APT’s outlook, decentralized exchange (DEX) volumes on the Aptos network have dropped from over $255 million to below $150 million. As APT functions as the chain’s primary gas token, declining network activity also points to waning fundamental demand.
Also Read: DeFi Cattos Unveils the Core Engine Powering Sustainable Web3 Gaming on Aptos
While some community members argue that growing staking demand could gradually absorb the unlocked supply, the broader market appears unconvinced. Without a rebound in both on-chain activity and speculative interest, APT may remain range-bound below the key $4.80 resistance level.
Aptos will unlock 11.31M $APT tomorrow worth ~ $51M at today's price (~ 4.51 usd) 0.96% of the total supply
— 0xAlpha (@Next_GenAlpha) September 11, 2025
These tokens will go to core contributors, investors, foundations and the community under @Aptos long term vesting plan
With 70% of supply already staked and growing… pic.twitter.com/oWCjTQXEcx
Outlook: Bulls Need a Sentiment Shift
Unless futures market interest and ecosystem activity reverse their downtrend, APT is likely to continue its sideways consolidation. Clearing the overhead resistance trendline could offer bulls a breakout opportunity, but for now, sentiment remains subdued.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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