Key Insights:
- Aptos will unlock $53.64M in tokens on June 12, the largest among tracked protocols this week.
- Price hovers near $4.67 with leverage stacked at $4.51 support and $4.83 resistance, increasing liquidation risk.
- EXPO2025 wallet activity surged 100% in May, driving new user growth and network adoption.
This week, Aptos enters a high volatility phase as $53.64 million worth of tokens are set to unlock on June 12. The percentage of total supply and market cap is 0.98% and 1.78%, respectively.
While ecosystem growth remains strong, current price action shows consolidation below key resistance, with momentum indicators trending lower.
Major Unlock and Market Positioning Create Price Pressure
On June 12, Aptos will release 11.31 million APT tokens, which are worth about $53.64 million. That makes it the biggest scheduled unlock this week among all tracked protocols, even larger than the next six combined.
This event brings in considerable near-term sell pressure, as unlocked tokens could enter circulation very quickly.
At the moment, APT is trading around $4.67, which is a zone with high liquidation risk on both sides. Leveraged long positions could be liquidated under $4.51, and short positions cluster around $4.83, according to CoinGlass data.
This has made the range between these thresholds a very tight zone, in which any decisive price movement can cause a sharp liquidation-driven move.
Additionally, APT is trading in a descending pattern on technical charts and recent attempts to break resistance levels have failed.
With a triple top formation on lower timeframes, it is a sign of growing selling interest. RSI going below 50 and MACD forming a bearish crossover are indicators for a short term negative outlook.
Wallet Adoption Grows Ecosystem Strength
The upcoming unlock notwithstanding, onchain fundamentals for Aptos keep improving. In May, transaction volume on the EXPO2025 Digital Wallet, built on Aptos blockchain, almost doubled.
In the month, more than 1.28 million transactions were processed and over 271,000 new accounts were added.
The news comes after the launch of the Aptos EXPO Memorial Stamp Rally, a campaign that gamifies user engagement in the lead up to the 2025 Expo in Osaka.
The initiative is a simple interface to award tokens to participants, combining Web2 usability with Web3 incentives. This campaign puts Aptos in the forefront of user-friendly blockchain applications.
The stablecoin market cap on Aptos has further strengthened the network by reaching an all-time high of $1.32 billion.
This means liquidity within the ecosystem is growing, and that might help take up some of the supply pressure from the unlock.
But these strong fundamentals have yet to be reflected in the price, which is still technically weak.
Bearish Sentiment and High Volatility Potential Price Structure
Moreover, technical analyst CryptoOlympics also points to a bearish price action of APT. The $4.51 support zone has held several times, but it’s very fragile, and the selling pressure is growing.
Analysts say if this level fails, long liquidations and stop-loss triggers will push the price towards $4.30 or lower.
A short squeeze could be on the upside if a breakout above $4.83 happens. Such a move would reverse short-term sentiment but would need strong volume and momentum.
Volume is rising during sell-offs at present, and on balance, volume is trending down, which is a sign of bearish dominance.
Sentiment is cautious in the market. Futures traders are slightly bearish as funding rates are slightly negative. Open interest data from Binance, OKX, and Bybit shows a lot of open interest at current price levels, which makes it more likely that prices will swing sharply if either threshold is broken.
Aptos is set for a pivotal trading period as $53 million in tokens enter circulation and leverage is stacked around key zones.
Although its ecosystem growth is positive, technical conditions indicate that traders should prepare for volatility. As the unlock approaches, all eyes remain on the $4.51 and $4.83 levels.
