Aptos Surges 18% as Development Activity Peaks

Moreover, data indicates a substantial spike in APT's daily trading volume, which surged by 711% to $1.34 billion. Additionally, Santiment data reveals that the development activity on Aptos' Layer-1 blockchain has hit a two-month high.

Timeline of Aptos

On Thursday, February 15, the Aptos Foundation announced the launch of a new affordable JamboPhone that comes with crypto integration. The goal behind launching this JamboPhone is to introduce Web3 technology in emerging markets of Asia, Africa, and Latin America.

It's interesting to see how the cryptocurrency market has changed lately. A new player, DeeStream (DST), has become quite popular among investors, while other well-known options like Cosmos (ATOM) and Aptos (APT) have been losing some of their momentum.

This week, around five crypto projects are gearing up for token unlocks, as reported by Token Unlocks. One of the most significant unlocks is from Aptos (APT), with plans to release tokens worth $228.05 million on January 12.

The cryptocurrency market rebounded tentatively on Friday morning, with major digital assets trading in the green. Bitcoin made a partial recovery from Wednesday's low and the prices topped $43,000 — up nearly 160% from a year ago.

Crypto Price Prediction January 4: The crypto market is generally and gradually easing into the New Year bullish outlook after encountering extreme volatility on Wednesday. Bitcoin price retreated, pulling the entire market down with it as holders sold in reaction to a report by Matrixport alleging that the Securities and Exchange Commission (SEC) will not

Following a $600 million crypto market crash, many leading altcoins hit their monthly lows. However, skepticism over Matrixport's report and the SEC's recent talks with stock exchanges about ETF launches brought a market rebound. As a result, Aptos significantly recovered, regaining its pre-crash value completely.

Contrary to the last token unlock in November, when the APT token witnessed a drop in prices, the current token unlock has taken prices significantly higher. What Happened: Founded by ex-Meta executives, Layer 1 blockchain Aptos (CRYPTO: APT) announced the release of 24.84 million tokens that account for 8.9% of its circulating supply.

The crypto market has been rocked by massive token unlocking, with Aptos leading the way by releasing 24.8 million of its APT tokens. This Layer 1 blockchain, founded by former Meta executives , valued at more than $200 million , represented 8.9% of its circulating supply.

On the brink of a significant event in the cryptocurrency world, Aptos, a renowned Layer 1 blockchain, is gearing up for a major token unlock. Scheduled for December 12, this event will see the release of 24.8 million APT tokens, a considerable 8.9% of its current circulating supply, valued at a striking $195 million.

Since the second week of October, there was a noticeable surge in demand for Aptos' native cryptocurrency APT. This increased interest led to a robust phase of Total Value Locked (TVL) growth.