随着大规模代币发行的临近，Aptos 代币陷入困境

Aptos ($APT) 的原生代币在即将到来的解锁活动中面临阻力，预计流通供应量将增加近 2500 万个代币。与更广泛的加密市场相比，该代币的表现不佳，在比特币和以太坊上涨的一周内下跌了 16% 以上。此次解锁时间定于 4 月 12 日，将向核心贡献者、投资者、社区成员和生态系统发展基金会分发代币，相当于当前流通供应量的 6%，几乎是日均交易量的两倍。

Aptos Token Faces Headwinds Ahead of Significant Supply Release

Aptos 代币在大量供应释放之前面临阻力

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 区块链 Aptos (APT) 的原生加密货币相对于更广泛的加密市场表现明显不佳，预计本周晚些时候将出现大量供应释放事件，预计将有 2484 万个代币涌入市场。

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.

过去 7 天，APT 暴跌超过 16%，与市场重量级比特币（BTC）和以太坊（ETH）分别上涨 3% 和 5% 的涨幅形成鲜明对比。本周的下跌使 APT 成为大市场 CoinDesk 20 指数中表现第二差的股票，只有去中心化交易所 Uniswap (UNI) 由于美国最近的监管行动而表现更差。

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.

即将发生的供应事件给 APT 的价格走势蒙上了阴影。根据 TokenUnlocks 的数据，之前锁定的代币预计将于 4 月 12 日解锁，预计实际释放日期可能会在该日期后的 1-2 天内。

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.

此次发布预计将向核心贡献者分配价值约 1.41 亿美元的代币，向投资者分配 1 亿美元，向社区成员分配 3800 万美元，并向生态系统发展基金会分配 1600 万美元。

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.

代币解锁是加密货币行业的常见做法，因为许多加密货币的很大一部分被锁定在兑现中，以防止早期投资者和团队成员等内部人士用代币充斥市场。根据加密货币分析公司 The Tie 的研究，从历史上看，这些事件往往会导致价格下跌，因为供应量的增加超过了投资者对该资产的需求。

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.

根据 CoinGecko 的数据，就 APT 而言，即将发行的代币约占当前流通供应量的 6%，几乎是交易所日交易量的两倍。这表明代币的涌入可能会对 APT 的市场价格产生重大影响。

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.

分析师和投资者正在密切关注事态发展，一些人担心供应释放可能会进一步打压 APT 的价格。随着活动的临近，市场是否会在不造成重大干扰的情况下吸收额外的代币，或者代币是否会继续面临阻力，还有待观察。