隨著大規模代幣發行的臨近，Aptos 代幣陷入困境

Aptos ($APT) 的原生代幣在即將到來的解鎖活動中面臨阻力，預計流通供應量將增加近 2500 萬個代幣。與更廣泛的加密市場相比，該代幣的表現不佳，在比特幣和以太幣上漲的一周內下跌了 16% 以上。此次解鎖時間定於4 月12 日，將向核心貢獻者、投資者、社區成員和生態系統發展基金會分發代幣，相當於當前流通供應量的6%，幾乎是日均交易量的兩倍。

Aptos Token Faces Headwinds Ahead of Significant Supply Release

Aptos 代幣在大量供應釋放之前面臨阻力

The native cryptocurrency of the Layer-1 blockchain Aptos (APT) has witnessed a notable underperformance against the broader crypto market in anticipation of a substantial supply release event later this week, poised to flood the market with an additional 24.84 million tokens.

Layer-1 區塊鏈Aptos (APT) 的原生加密貨幣相對於更廣泛的加密市場表現明顯不佳，預計本週晚些時候將出現大量供應釋放事件，預計將有2484 萬個代幣湧入市場。

Over the past seven days, APT has plummeted by more than 16%, starkly contrasting the gains posted by market heavyweights Bitcoin (BTC) and Ethereum (ETH), which have risen by 3% and 5%, respectively. This week's decline positions APT as the second-worst performer among the broad-market CoinDesk 20 Index, with only the token of decentralized exchange Uniswap (UNI) faring worse due to recent regulatory actions in the United States.

過去 7 天，APT 暴跌超過 16%，與市場重量級比特幣（BTC）和以太幣（ETH）分別上漲 3% 和 5% 的漲幅形成鮮明對比。本週的下跌使 APT 成為大市場 CoinDesk 20 指數中表現第二差的股票，只有去中心化交易所 Uniswap (UNI) 由於美國最近的監管行動而表現更差。

The impending supply event has cast a shadow over APT's price action. According to data from TokenUnlocks, the unlocking of previously locked-up tokens is scheduled to occur on April 12, with estimates suggesting that the actual release date could be within 1-2 days of that date.

即將發生的供應事件給 APT 的價格走勢蒙上了陰影。根據 TokenUnlocks 的數據，先前鎖定的代幣預計將於 4 月 12 日解鎖，預計實際釋放日期可能會在該日期後的 1-2 天內。

The release is expected to distribute approximately $141 million worth of tokens to core contributors, $100 million to investors, $38 million to community members, and allocate $16 million to the ecosystem development foundation.

此次發布預計將向核心貢獻者分配價值約 1.41 億美元的代幣，向投資者分配 1 億美元，向社區成員分配 3,800 萬美元，並向生態系統發展基金會分配 1,600 萬美元。

Token unlocks are a common practice in the cryptocurrency industry, as a significant portion of many cryptocurrencies are locked up in vesting to prevent insiders, such as early investors and team members, from flooding the market with tokens. Historically, these events have often led to price declines, as the increased supply outpaces investor demand for the asset, according to research by crypto analytics firm The Tie.

代幣解鎖是加密貨幣行業的常見做法，因為許多加密貨幣的很大一部分被鎖定在兌現中，以防止早期投資者和團隊成員等內部人士用代幣充斥市場。根據加密貨幣分析公司 The Tie 的研究，從歷史上看，這些事件往往會導致價格下跌，因為供應量的增加超過了投資者對該資產的需求。

In the case of APT, the tokens to be released represent approximately 6% of the current circulating supply, which is nearly double the daily trading volume on exchanges, according to CoinGecko data. This suggests that the influx of tokens could have a significant impact on the market price of APT.

根據 CoinGecko 的數據，就 APT 而言，即將發行的代幣約佔目前流通供應量的 6%，幾乎是交易所日交易量的兩倍。這表明代幣的湧入可能會對 APT 的市場價格產生重大影響。

Analysts and investors are monitoring the situation closely, with some expressing concerns that the supply release could further weigh on APT's price. As the event draws near, it remains to be seen whether the market will absorb the additional tokens without significant disruption or whether the token will continue to face headwinds.

分析師和投資者正在密切關注事態發展，有些人擔心供應釋放可能會進一步壓制 APT 的價格。隨著活動的臨近，市場是否會在不造成重大干擾的情況下吸收額外的代幣，或者代幣是否會繼續面臨阻力，還有待觀察。