Aptos May Have A Strong Sell-off

Key Points: Traders speculate that Aptos (the most hyped L1 blockchain of 2022) may have been selling large quantities of tokens.
Analysts believe that APT’s supply is still controlled and maintained by whales despite criticisms of the project’s inconsistent tokenomics and dubious tokenomics since its launch.
Aptos (APT), which has performed exceptionally well in the past 30 days, is leading the pack. Aptos (APT) is leading the pack in the past 30 days. LightCrypto reports that Binance has received $20 million in APT tokens, and that $1 billion is still in the wallet. The analyst believes that this means that these APT tokens were taken by the Korean retail sector. Upbit’s asset flows provide clear proof of this. He also observed that the APT/USDT pairing’s huge $400 million open interest is matched with “paper thin” spot orders books. Selini Capital’s CIO, who specializes in Blockchain technology, has warned investors not to short the APT/USDT pairs yet. November 2023 will be the official “unlock date.” Aptos was one of the Diem blockchain initiative spin-offs. It was launched in February 2022. Blockchain scaling’s main technological innovation is its unconventional approach. APT trades at $18.4. This level has been in place for 4 days, since it reached an average of $20.APT price chart. Source: TradingViewDISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: APTAptosBinanceUpbit