Aptos [APT] gained more than 10% over the past 24 hours, with daily trading volume surpassing $109 million at the time of reporting.
The rally was supported by reduced token supply following a recent 10-fold fee increase. Since the change, transaction fees average $0.0005, with collected fees used to buy back and burn APT tokens. Over the past 30 days, 1.523 million APT were burned, bringing the total burned since mainnet launch to 1.7 million tokens.
Network activity has rebounded, with real-world asset (RWA) net flows driving engagement. On September 3rd, Aptos recorded 57,047 active addresses and surpassed 16 million transactions, ranking second among networks by RWA flows at $145 million, behind Ethereum's $149 million.
Technical Outlook and Short-Term Resistance
On the charts, APT broke out of a descending trend channel for the second time, having reversed from support at $0.523 on August 25th. The token is currently advancing toward August's peak above $0.71. However, a near-term resistance level sits at $0.65, and recent volume data showed approximately 340,000 APT were sold in the most recent session, indicating potential weakening buyer momentum despite overbought technical readings.
Upcoming Token Unlock Risk
An upcoming token unlock presents a downside risk to APT's price momentum. According to Tokenomist, 11.31 million APT tokens worth approximately $6.88 million are scheduled to be released to circulating supply within one week, equivalent to 0.65% of the released supply. This unlock significantly exceeds the monthly token burn rate, potentially adding selling pressure.
