Aptos (APT) holders have endured a torrid year. Although there were gains in the first quarter, price action quickly turned south in subsequent months, calling into question the strength of bulls.
Yet recent months have seen a reversal. At press time, the APT price
Price Trading volume in 24h Last 7d price movement is on an uptrend, building on gains posted from mid-September.
Aptos Foundation Releasing 11.31 Million APT ($100 million) Today
Buyers may pick up, building on this strength, but prices may slide with the Aptos Foundation rele a sing 11.31 million APT today.
The 11.31 million coins hitting circulating at spot rates translates to about $100 million. From a fundamental perspective, this could be a massive supply dump, a net negative for bulls.
( Source )
Over the years, over 401 million APT have been released. Aptos Foundation does this every month. Every dump tends to accelerate sell-offs, especially during bear runs.
In uptrends, buying pressure could slow down as traders factor in shifts in tokenomics, pulling out their longs in the process. It is only understandable.
Whenever there is a wholesale “cliff release,” like it is now, the flood of coins, including from early adopters and investors, hitting exchanges forces weak hands to sell.
Like any asset, dilution only means erosion of value.
Subsequently, the resulting sell-off means more pain, even for long-term holders and the team.
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APT Up 22% In 7 Days, Will Bulls Take Over?
From the chart, APT is up 22% from November lows, marking a solid start. However, from the APTUSDT daily chart, sharp gains above $10 are required for the buy trend to continue.
On the other hand, any break below $7, reversing mid-week gains, could derail optimistic bulls.
In turn, APT may sink back to September lows to continue the bear trend.
( APTUSDT )
On the upside, if bulls are successful, confirming September gains, Aptos may fly to $14.
Amid this mixed price reaction and the real possibility of navigating potentially turbulent bearish events in the coming days, investors are closely monitoring other betas, including Flockerz.
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Flockerz Presale Raises $1.3 Million: Is FLOCK A 10x Gem?
Flockerz is unique, seeking to advance crypto and blockchain ideals of decentralization and diffusion of power to the masses.
Apart from this novel proposition, Flockerz is also tapping into the popularity of meme coins.
In the ongoing presale, Flockerz has raised over $1.3 million. Each token is changing hands for $0.0059571.
To purchase FLOCK, connect your non-custodial wallet and buy any amount you desire. The time to buy is now. Prices will increase after 22 hours.
At its core, Flockerz is a meme coin project whose native token, FLOCK, has utility and plays a crucial role in its FlockTopia DAO.
Their innovative vote-to-earn system empowers token holders, encouraging them to participate in governance decisions.
The more the voting, the more rewards.
Interestingly, this is a refreshing departure from what traditional meme coins offer. While most offer no utility at all, Flockerz is changing this approach by distributing tokens with real-world use.
The FlockTopia DAO diffuses influence from a small cohort of leaders to FLOCK holders.
Beyond voting, FLOCK can be staked .
When writing, the annual APY for stakers is 1,289%.
It signals that the team wants its active community to take over, driving the platform’s evolution.
Since Flockerz combines the excitement of meme coins and the power of decentralized governance, analysts on YouTube think FLOCK can easily 10X in the coming months.
VISIT FLOCKERZ HERE
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