Aptos Sees Record-Breaking July Burn, Annual Rate Hits 2.3M APT

Aptos has seen significant burning of its token APT in July, according to data shared by MSB Intel. The platform burned 191.7K APT in July alone, which brings the annualized burn rate up to 2.3M APT per year.

The current price of APT sits at $0.57 within its Bollinger Bands, with an upper resistance level at $0.59 and a lower support level at $0.55.

Despite the bearish 4h structure, as the price trades below both the EMA50 at $0.59 and the EMA200 at $0.61, there are signs of short-term volatility exhaustion near the upper band.