Aptos steady at $4.80 as $54M token unlock approaches

Aptos was trading at $4.80 at press time, down about 0.6% over the past 24 hours but still showing a 13% gain in the past week. 

With a seven-day range of $4.19 to $4.85, Aptos (APT) has shown a robust rebound from its early August lows. The asset saw $473.7 million in trading volume over the past day, a 2% increase. Coinglass data shows that open interest in APT futures increased 0.71% to $368.56 million, while derivatives volume decreased 3.50% to $345.95 million.

This combination often suggests that traders are holding positions longer despite reduced turnover, a sign of steady conviction rather than rapid rotation.

$54M Aptos unlock looms over recent rally

According to Tokenomist data, on Aug. 11th, 11.31 million APT, or approximately $54 million, will be unlocked. This amounts to about 2.2% of the circulating supply. APT currently has a circulating supply of 672.7 million and a fully diluted valuation of $5.61 billion.

Since newly released tokens may increase selling pressure, particularly if recipients decide to realize profits, such unlock events can negatively shift sentiment. The impact will depend on whether the market can absorb the additional supply without breaking through recent support levels.

The unlock comes as Aptos continues to strengthen its decentralized finance and real-world asset footprint, potentially cushioning any short-term price volatility. To improve the efficiency of on-chain trading, Aptos launched the Decibel Trading Protocol on its Devnet in July.

At the same time, its real-world asset tokenization segment surpassed $720 million in total value locked, attracting issuers such as BlackRock and Franklin Templeton. The July passage of the GENIUS Act is expected to further accelerate this industry.

Aptos technical analysis

APT’s short-term trend is still bullish, with higher lows forming since Aug. 5. At 54.56, the relative strength index indicates neutral momentum and potential for movement in either direction. The near-term upward trend is supported by moving averages over the 10, 20, 30, and 50 periods, which are in buy territory.

The longer-term structure may still be fragile, as the 100- and 200-day averages are still in sell territory. Momentum indicators like the MACD and 10-day momentum indicate light buying pressure, while the Stochastic RSI’s overbought signals warn of possible pullbacks, 

APT might retest $4.85 and possibly move toward $5.00 if buyers maintain control. A break above this level could shift the 100-day averages into neutral or bullish alignment.

If $4.65 is not held, the market may move toward $4.50, with $4.35 serving as a deeper support. Depending on whether the recently released supply is sold into the market, the Aug. 11 unlock could serve as a catalyst for either scenario.