Aptos Token Drops Over 16% Ahead of $300 Million Token Unlock

Aptos token (APT) fell over 16% last week while bitcoin and ether rose, underperforming ahead of a token unlocking event
Nearly $300 million worth of previously locked Aptos tokens will be released on April 12 to early investors, community members, etc.
Token unlocks increase supply; research shows prices often decline as supply outpaces demand
Tokens to be released are 6% of current supply but almost double daily trading volume
Event scheduled for April 12; tokens may be moveable 1-2 days after