After passing the proposal to cap the maximum supply of Aptos [APT] five days ago, the altcoin is scheduled for yet another unlock.
Despite the altcoin being up by 1% in the past 24 hours, the market cap over the past year shows a different picture. Will the APT continue declining amid looming sell pressure?
Looming sell pressure from a routine unlock, but...
As per data from Tokenomist, about 11.31 million APT tokens worth $10.88 million were set to hit the market on March 12th. This represented 0.69% of the released supply, which seems to be a routine over the last three months.
Of this amount, 0.24%, which was about 3.958 million APT, would go to the core contributors. The community would receive 3.210 million tokens, while the reserve would get 1.333 million APT, as the remainder went to investors.
The unlock amount was similar to that released in December 2025 and January and February of 2026. However, their dollar valuation was different, as the price of APT was declining during this period.
Token unlocks often lead to sell pressure, and this unlock could be no different if this was not mitigated. The market cap of the altcoin may continue declining, though there were other metrics to note.
The max supply had been capped with only about a billion tokens still locked. The capping ensured supply was controlled with actively staked tokens, further reducing sell pressure.
About 69% of the circulating supply, that is, 832.8 million APT, was staked. This could mitigate the sell pressure from the unlock, as these tokens would not be subject to instant selling.
Additionally, the team was collaborating with Archax to tokenize more than 100 funds, as per a post by CoinMarketCap. These funds, like BlackRock, Fidelity, and Aberdeen, could absorb this supply now that the token is undervalued.
As the altcoin gears up for increased supply, the market cap is losing more capital.
Can APT recover its lost market cap?
The total market cap of Aptos has lost over $7 billion in capital since hitting a peak of $8 billion in December 2024. Its cap is currently trading at the lowest level since launch, with sell pressure seemingly decreasing.
In fact, the MACD has had a crossover with the bars starting to turn green. This indicates that bulls were taking note of the oversold conditions and were starting to return, though their strength was negligible at press time.
Meanwhile, the Accumulation/Distribution indicator reading at negative 1.32 billion APT showed the altcoin was in a distribution phase. The upcoming token unlock could lead to more capital being lost.
Final Summary
- Aptos was scheduled for more than 11M APT unlock, but recent collaborations and staked tokens could mitigate looming sell pressure.
- APT market cap hit its lowest level, but bulls were starting to pour capital back into the altcoin.
