Aptos Bulls Face Test as 11.31M Token Unlock Looms

Aptos (APT) has surged over 10% in the last 24 hours, fueled by increased network activity and token burns. The project's recent burn figures show that around 1.523 million APT tokens were permanently burned during the past month, contributing to a stronger supply reduction narrative.

However, bulls now face a major test as 11.31 million APT tokens approach the market, which could increase selling pressure and challenge their momentum. The upcoming unlock could also make sustained gains harder near major resistance levels.

The Aptos network has experienced stronger activity alongside rising real-world asset flows, with RWA net flows reaching $145 million during the past seven days. This places Aptos second behind Ethereum, which recorded $149 million in RWA net flows.