Token inflation and unlocks work differently
Subscribe and like in advance
An unlock usually releases tokens that already exist. Issuance creates new ones. For holders, both processes can increase the available supply, but they should be analyzed separately.
In the analysis of $APT , it is useful to draw up an unlock schedule and separately assess the issuance of new coins. This reduces the risk of counting the same amount twice or overlooking part of the supply.
Issuance alone does not predetermine a price drop: demand may absorb it. The question is what demand exists and how sustainable it is.