APT$1.7041 declined 7% over the last 24 hours as investors repositioned ahead of a scheduled token unlock.
Wider crypto markets also fell, with the CoinDesk 20 index lower by 4.2% at publication time, according to CoinDesk Research's technical analysis model.
Volume surged 38% above the 30-day average as APT retreated from an early peak of $1.90, where exceptional trading reached 6.81 million tokens, nearly triple normal levels.
The selling pressure intensified as market participants positioned for the scheduled unlock of 11.3 million APT tokens, representing 1.5% of total supply flowing to core contributors and early investors.
Technical weakness dominated price action following the $1.90 rejection, with APT establishing a series of lower highs and lower lows.
The token found preliminary support near current levels after testing $1.69 multiple times, though volume patterns suggested continued distribution by larger holders.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Protocol Research: GoPlus Security
What to know:
More For You
Robinhood Stock Slides 8% After Big Decline in November Trading Volumes
Slumps across equity, options and crypto trading in November raised concerns that retail investor momentum may be fading.
What to know:

