After the latest token unlock, APT fell victim to a price correction. Despite the growth in the NFT space, APT investors could expect the bears to control the token’s price in the near term.
Though it could not be directly related to the price drop, quite a few metrics favored the negative. For instance, APT’s development activity plummeted last week., Aptos’ number of active developers also declined over the last 30 days.
APT’s price drop was accompanied by a massive surge in volume, which also looked concerning for the token.Despite the lack of interest shown towards APT, the network’s NFTs seem to be in a brighter spot. Aptos’ NFTs have caught the attention of many as the blockchain hosted its NFT NYC Week.
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