Aptos Set to Unlock $10.88 Million in APT: What’s Next?

After the approval of a recent proposal to cap Aptos's [APT] total supply just five days ago, another token unlock is on the horizon. Although APT has managed a 1% increase in the last 24 hours, the broader market conditions over the past year indicate a more complicated situation. Will APT face continued declines due to growing sell pressure?

Key Takeaways

An estimated 11.31 million APT tokens, valued at $10.88 million, are scheduled to unlock on March 12.
Approximately 69% of the circulating APT supply, or 832.8 million tokens, is currently staked, which could help reduce selling pressure.
The Aptos market cap has decreased by over $7 billion since reaching its peak of $8 billion in December 2024.
Recent indicators suggest potential bullish market sentiment, albeit weak at present.

Aptos

Sell Pressure and Routine Unlocks

Data from Tokenomist reveals that about 11.31 million APT tokens will enter the market on March 12, representing approximately 0.69% of the total supply released. This token unlock follows a pattern observed over the past three months. From the upcoming unlock, core contributors will receive around 3.958 million APT tokens, while the community will get 3.210 million and reserves will obtain 1.333 million. The remaining tokens will be allocated to investors.

This quantity of unlocked tokens mirrors the figures from December 2025 and January and February 2026. However, the dollar value is notably different due to a declining APT price during this timeframe.

Unlock Schedule
Source: Tokenomist

Token unlocks typically create sell pressure in the market, and this instance may follow that trend unless mitigated. Although the APT market cap may continue to suffer, there are positive metrics worth considering.

The total supply has been capped, with only about a billion tokens remaining locked. This measure is aimed at controlling the available supply, further supported by a significant portion of tokens being staked. Notably, around 69% of the circulating supply is currently staked, amounting to 832.8 million APT, helping to mitigate potential sell-off impacts.

APT Supply
Source: Aptos Explorer

Moreover, the Aptos team is working with Archax to tokenize over 100 funds, as noted by CoinMarketCap. These funds, including major players like BlackRock, Fidelity, and Aberdeen, are poised to absorb this supply, particularly as the token is considered undervalued.

Is Recovery Possible for APT's Market Cap?

Aptos's total market cap has witnessed a staggering loss of over $7 billion since hitting a high of $8 billion in December 2024. It is now trading at its lowest level since launch, although the ongoing sell pressure appears to be easing.

Interestingly, the MACD indicator has shown a crossover with its bars beginning to turn green, suggesting that bulls may be recognizing the oversold conditions and starting to return to the market—though their momentum remains weak as of now.

Market Analysis
Source: APT market cap on TradingView

At the same time, the Accumulation/Distribution indicator has registered at negative 1.32 billion APT, indicating the altcoin is currently in a distribution phase, with the upcoming token unlock posing a risk for further capital losses.

Conclusion

The upcoming unlock of APT tokens and the broader market conditions pose challenges for the Aptos ecosystem. While staking levels may help buffer the potential negative impacts of new supply entering the market, the key question remains: Can APT regain its footing in the face of these dynamics? Investors will be watching closely as developments unfold.