Aptos mở khóa 10,88 triệu đô la APT, nhưng 69% nguồn cung được stake – Điều gì chiến thắng?

ambcryptoPublished on 2026-03-10Last updated on 2026-03-10

Abstract

Tài sản Aptos (APT) đã mở khóa 11,31 triệu token (trị giá 10,88 triệu USD) vào ngày 12 tháng 3, tương đương 0,69% nguồn cung đang lưu hành. Mặc dù việc mở khóa thường tạo ra áp lực bán, nhưng hai yếu tố có thể giảm thiểu tác động: 69% nguồn cung đang được staking (832,8 triệu APT) và sự hợp tác với Archax để token hóa hơn 100 quỹ (như BlackRock, Fidelity) có khả năng hấp thụ lượng cung mới. Vốn hóa thị trường của APT đã giảm từ mức đỉnh 8 tỷ USD vào tháng 12/2024 xuống mức thấp nhất kể khi ra mắt, nhưng chỉ báo MACD cho thấy dấu hiệu bò bắt đầu quay trở lại, dù sức mua còn yếu.

Sau khi thông qua đề xuất giới hạn nguồn cung tối đa của Aptos [APT] năm ngày trước, altcoin này lại chuẩn bị cho một đợt mở khóa khác.

Mặc dù altcoin đã tăng 1% trong 24 giờ qua, nhưng vốn hóa thị trường trong năm qua cho thấy một bức tranh khác. Liệu APT có tiếp tục giảm giữa áp lực bán đang lơ lửng?

Áp lực bán tiềm ẩn từ đợt mở khóa thường lệ, nhưng...

Theo dữ liệu từ Tokenomist, khoảng 11,31 triệu token APT trị giá 10,88 triệu đô la dự kiến sẽ được đưa ra thị trường vào ngày 12 tháng 3. Con số này chiếm 0,69% nguồn cung đã phát hành, dường như là một thông lệ trong ba tháng qua.

Trong số này, 0,24%, tương đương khoảng 3,958 triệu APT, sẽ dành cho các nhà đóng góp cốt lõi. Cộng đồng sẽ nhận được 3,210 triệu token, trong khi quỹ dự trữ sẽ nhận 1,333 triệu APT, phần còn lại sẽ thuộc về các nhà đầu tư.

Lượng mở khóa tương tự như đã được phát hành vào tháng 12 năm 2025 và tháng 1, tháng 2 năm 2026. Tuy nhiên, định giá bằng đô la của chúng khác biệt, vì giá của APT đang giảm trong giai đoạn này.

Việc mở khóa token thường dẫn đến áp lực bán, và đợt mở khóa này có thể cũng không ngoại lệ nếu không được giảm thiểu. Vốn hóa thị trường của altcoin có thể tiếp tục giảm, mặc dù có các chỉ số khác cần lưu ý.

Nguồn cung tối đa đã được giới hạn với chỉ khoảng một tỷ token vẫn bị khóa. Việc giới hạn này đảm bảo nguồn cung được kiểm soát với các token được stake tích cực, từ đó giảm thêm áp lực bán.

Khoảng 69% nguồn cung lưu thông, tức là 832,8 triệu APT, đã được stake. Điều này có thể giảm thiểu áp lực bán từ đợt mở khóa, vì những token này sẽ không bị bán ngay lập tức.

Ngoài ra, nhóm phát triển đang hợp tác với Archax để mã hóa hơn 100 quỹ, theo một bài đăng từ CoinMarketCap. Các quỹ này, như BlackRock, Fidelity và Aberdeen, có thể hấp thụ nguồn cung này khi token đang bị định giá thấp.

Khi altcoin chuẩn bị cho việc tăng nguồn cung, vốn hóa thị trường đang mất thêm vốn.

APT có thể phục hồi vốn hóa thị trường đã mất?

Tổng vốn hóa thị trường của Aptos đã mất hơn 7 tỷ đô la vốn kể từ khi đạt đỉnh 8 tỷ đô la vào tháng 12 năm 2024. Vốn hóa hiện tại của nó đang giao dịch ở mức thấp nhất kể từ khi ra mắt, với áp lực bán dường như đang giảm.

Trên thực tế, MACD đã có một điểm giao cắt với các thanh bắt đầu chuyển sang màu xanh lá cây. Điều này cho thấy phe mua đang lưu ý đến các điều kiện bán quá mức và bắt đầu quay trở lại, mặc dù sức mạnh của họ là không đáng kể tại thời điểm báo cáo.

Trong khi đó, chỉ báo Tích lũy/Phân phối đọc ở mức âm 1,32 tỷ APT cho thấy altcoin đang trong giai đoạn phân phối. Đợt mở khóa token sắp tới có thể dẫn đến việc mất thêm vốn.

Tóm tắt cuối cùng

Aptos đã lên lịch mở khóa hơn 11 triệu APT, nhưng các hợp tác gần đây và token được stake có thể giảm thiểu áp lực bán tiềm ẩn.
Vốn hóa thị trường của APT chạm mức thấp nhất, nhưng phe mua đang bắt đầu đổ vốn trở lại vào altcoin.

The 'Chip' Challenge and Breakthroughs in China's Optical Industry Chain

China's Photonics Industry: Bottlenecks and Breakthroughs In the global AI race, computing chips dominate the narrative, but the underlying bottleneck increasingly defining the scale of AI clusters is light—or more specifically, optical connectivity. Optical modules, which translate electrical signals to light and vice versa, are crucial for connecting thousands of GPUs in AI data centers, preventing data congestion and ensuring efficient model training. High-speed modules (800G, 1.6T) are now standard, with performance hinging on advanced DSP (Digital Signal Processor) chips. This is where a critical dependency lies. Two US giants—Marvell and Broadcom—collectively dominate over 90% of the high-end DSP chip market. Chinese optical module leaders like Zhongji Innolight and Eoptolink rely on these chips to manufacture modules for overseas AI customers, primarily in North America. While this creates a supply chain vulnerability, complete decoupling is difficult. Marvell derives over half its revenue from Greater China, and the US firms depend on Chinese partners for chip packaging and optical components. The risk from laser chips (e.g., from Lumentum), another key component, is considered more manageable due to multiple global suppliers and faster progress in domestic alternatives from companies like YOFC and Accelink. To mitigate risks, China's industry is pursuing a multi-pronged strategy: diversifying supply chains and locking in long-term orders; fostering a domestic market ecosystem to adopt homegrown DSPs from firms like Huawei HiSilicon and CETC; accelerating R&D in high-speed DSPs and advanced packaging; and investing in next-gen technologies like silicon photonics and Co-Packaged Optics (CPO) to reduce reliance on discrete DSPs. The ultimate solution lies not in short-term博弈 but in persistent advancement of domestic high-end chip R&D and manufacturing. While challenges remain in performance, certification, and ecosystem building, China's vast domestic market and manufacturing base provide a crucial buffer, buying time for the industry to achieve greater technological independence.

marsbit10m ago

The 'Chip' Challenge and Breakthroughs in China's Optical Industry Chain

marsbit10m ago

Behind SpaceX's $2 Trillion Market Cap: Why Does Musk Always Have the Next Move Planned?

On June 12th, SpaceX debuted on the Nasdaq, reaching a valuation that briefly touched $2 trillion. This marked the culmination of a 24-year journey from its founding in 2002, driven by Elon Musk's frustration at the high cost of buying rockets. The company's path was defined by early failures, with its first three Falcon 1 launches ending in explosions before a successful 2008 flight opened the era of commercial spaceflight. Key to its model was a fixed-price NASA contract, incentivizing cost reduction. SpaceX mastered rocket reusability, first achieving a Falcon 9 landing in 2015, which drastically cut launch costs. This enabled its profitable Starlink satellite internet constellation, envisioned years before reusability was proven, to create an internal market for frequent launches. Similarly, the next-generation Starship rocket was in development long before its first flight, with its business case evolving from Mars colonization to supporting the emerging concept of in-orbit data centers for AI—a story now central to its valuation. The company's recent IPO, a reversal of its long-standing "no IPO" stance, is funding this ambitious "space-based compute" vision. While major tech players like Google, Blue Origin, and others are investing heavily, significant technical and cost hurdles remain. Ultimately, SpaceX's history is one of creating its own demand: first with Starlink and now with space-based AI compute, betting that its next rocket will enable its next giant market.

marsbit12m ago

Behind SpaceX's $2 Trillion Market Cap: Why Does Musk Always Have the Next Move Planned?

marsbit12m ago

USDe Circumvents GENIUS Act Yield Ban: How Synthetic Dollars Became Crypto's Most Successful Gray Area?

In drafting the GENIUS Act, Congress prohibited licensed payment stablecoin issuers from paying interest or yield to holders—a rule that forced changes for USDC. However, Ethena's USDe, a rapidly growing "yield dollar," operates outside this regulation. USDe is a delta-neutral synthetic dollar backed by crypto collateral and hedged perpetual futures positions, generating yield from funding rates rather than traditional reserves. Because it doesn't fit the legal definition of a payment stablecoin, the GENIUS Act's restrictions do not apply. USDe's supply peaked above $14 billion in 2025, making it a top-three dollar-denominated crypto asset. Its model carries distinct risks, notably dependence on sustained positive funding rates and vulnerability during market deleveraging events, as seen in a brief depeg in October 2025. Regulatory approaches differ: Germany's BaFin banned USDe sales, viewing it as an unregistered security, while U.S. institutional capital, like Janus Henderson, has embraced it for treasury management. The GENIUS Act defined and regulated payment stablecoins but left synthetic dollars like USDe in a gray area. The unresolved question is whether future regulations will address this category or if yield will continue migrating to undefined spaces.

marsbit15m ago

USDe Circumvents GENIUS Act Yield Ban: How Synthetic Dollars Became Crypto's Most Successful Gray Area?

marsbit15m ago

When Crypto Meets the World Cup: CoinW and Modrić's Art of "Navigating Cycles"

When Encryption Meets the World Cup: CoinW and Modrić's "Transcending Cycles" Philosophy In the context of the 2026 FIFA World Cup and its massive global audience, the crypto exchange CoinW announced football legend Luka Modrić as its global brand ambassador. This move is framed not merely as a marketing tactic, but as a strategic experiment in user profile migration. It targets mature, financially stable football fans—particularly in Europe, Southeast Asia, and Latin America—who traditionally have low crypto awareness but value trusted, time-tested authority figures like Modrić. The article draws parallels between Modrić's enduring, disciplined career—marked by consistency and success at the highest level over two decades—and CoinW's own development path. Founded in 2017 during a volatile industry period, CoinW focused on building robust infrastructure and risk management. It weathered the 2022 industry crisis without major security incidents, subsequently earning recognition like "Europe's Most Trusted Exchange" and growing to over 20 million registered users. This "long-termism" is translated into user-centric products. CoinW Academy lowers the initial knowledge barrier. Its integrated ecosystem (CoinW, GemW, DeriW, PropW) and the recent launch of a TradFi section—offering perpetual contracts on traditional assets like stocks, gold, and oil—aim to create a unified platform for diverse assets. For the World Cup, CoinW launched the "We Are The Game" campaign, collaborating with Alchemy Pay to offer zero-fee deposits and local payment options, aiming to transform spectators into participants and lower entry barriers. Ultimately, CoinW's sports partnerships and product strategy are presented as a concerted effort to build trust and accessibility for the "silent majority" still outside crypto—shifting the industry narrative toward inclusivity and long-term value.

Foresight News18m ago

When Crypto Meets the World Cup: CoinW and Modrić's Art of "Navigating Cycles"

Foresight News18m ago

A Panoramic View of the Solana Privacy Ecosystem: The Complete Privacy Stack from Computation to AI

**Solana Privacy Ecosystem: A Comprehensive Overview from Computation to AI** Solana's privacy ecosystem, while nascent, is rapidly evolving to address key challenges across multiple layers. Key figures like Helius CEO Mert acknowledge that Solana has lagged in privacy but highlight its unique potential for scalable, composable privacy protocols, potentially leveraging technologies like ZK compression without persistent rollups. The foundational layer is **Private Compute**, addressed by providers like Arcium and Magic Block. Arcium utilizes Multi-Party Computation (MPC) networks to process encrypted data off-chain with final settlement on Solana, supporting use cases like confidential payments (via its C-SPL token standard) and encrypted data analysis. Magic Block employs Trusted Execution Environments (TEEs) to create private, ephemeral rollups, offering confidentiality, scalability, and composability. Both enable private order books, dark pools, and DeFi rails. Building on this infrastructure are applications for **Private Transfers and Balances**. Umbra, built on Arcium, offers encrypted token accounts with amount, balance, and sender-receiver linkage privacy, plus compliance features. Privacy Cash uses Tornado-style shielded pools for SOL, while Hush provides private staking and trading with integrated swaps via Jupiter. To eliminate **On-Chain Trails** from everyday activities like trading, protocols like encifherio and VanishTrade are emerging. encifherio privately routes swaps through Jupiter by encrypting transaction details within TEEs. VanishTrade routes trades through shielded liquidity pools. Darklake offers a ZK-native "blind slippage" AMM and private perpetuals to hide trading intent and prevent front-running. More advanced applications include **Private Prediction Markets**. Platforms like Melee Markets use Arcium's MPC to encrypt order books, allowing participants to place hidden bets without revealing their market position until settlement. Finally, the ecosystem is expanding into **Private AI**. Loyal leverages both Magic Block and Arcium to create a decentralized protocol where user-AI interactions, queries, and preferences are encrypted on-chain, giving users ownership and control over their data while enabling private transactions and yield generation. In summary, Solana's privacy stack is developing from core compute and transfer privacy towards sophisticated applications in DeFi, prediction markets, and AI, aiming for a future where Fully Homomorphic Encryption (FHE) and Zero-Knowledge (ZK) proofs combine for a complete privacy solution.

marsbit20m ago

A Panoramic View of the Solana Privacy Ecosystem: The Complete Privacy Stack from Computation to AI

marsbit20m ago

Trading

Spot

Futures

Hot Articles

How to Buy APT

Welcome to HTX.com! We've made purchasing Aptos (APT) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Aptos (APT) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Aptos (APT)After purchasing your Aptos (APT), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Aptos (APT)Easily trade Aptos (APT) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

2.3k Total ViewsPublished 2024.03.29Updated 2026.06.02

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of APT (APT) are presented below.