The “big APT ‘good news’” I saw this morning—don’t rush to chase it yet. It’s half a year old.
When you first saw The Block’s tweet this morning—“The Aptos Foundation plans to propose a 2.1B supply cap, cut staking rewards in half, gas up 10x, and permanently lock 210M APT”—it sounds like a sudden positive catalyst, right? But this proposal was voted through back in March of this year. All terms have been live for six months already. Instead, APT is down 5.1% today, underperforming the broader market. Old news brings no new money—so here’s the takeaway first: don’t chase.
① The proposal was already implemented long ago (Sources: BanklessTimes report in April; CryptoCompass confirmation in September: “all terms have already been deployed”)
- Hard supply cap of 2.1B coins (previously there was no cap)
- Staking APY cut from 5.19% to 2.6%—directly halved
- Gas up 10x, 100% burned (per-transaction still around $0.00014, barely affecting the user experience)
- 335M votes in favor vs only 1,500 against, 39% participation rate—passed overwhelmingly
② Numbers to show you (Source: CoinGecko real-time data)
- 210M locked ÷ current circulating supply 871M ≈ 24% of circulating. Note: this is the Foundation’s staking used for network security; rewards go to the Foundation’s operations (Cointelegraph), not necessarily “burned.”
- 2.1B cap vs current total supply 1.21B: there’s still about 890M coins of issuance room—so the cap isn’t tight at all right now
- Price $0.703—still down 96.5% from the all-time high of $19.92
- Burning is indeed happening: in the past 30 days, 159,600 APT were burned (CryptoCompass). But at the current price, that’s about $110k—only 0.018% of circulating. Pretty much negligible.
③ Compare against the broader market (my rule: to talk about gains/losses, you must check the market too)
- APT 24h: -5.1%; BTC same period: -2.8% (CoinGecko real-time), underperforming by 2.3 percentage points
- 7d: -7.8%, staying weak
When the “good news” spread, the price didn’t even beat the broader market—this was already priced in months ago.
The real variables left are only two: when the 210M locking actually executes, and whether the on-chain application’s burn volume can outpace new issuance. Until then, when you see a “sudden” type of viral propagation, check the timestamp first before acting.
$APT $BTC #Aptos #tokenomics
Not investment advice.
When you first saw The Block’s tweet this morning—“The Aptos Foundation plans to propose a 2.1B supply cap, cut staking rewards in half, gas up 10x, and permanently lock 210M APT”—it sounds like a sudden positive catalyst, right? But this proposal was voted through back in March of this year. All terms have been live for six months already. Instead, APT is down 5.1% today, underperforming the broader market. Old news brings no new money—so here’s the takeaway first: don’t chase.
① The proposal was already implemented long ago (Sources: BanklessTimes report in April; CryptoCompass confirmation in September: “all terms have already been deployed”)
- Hard supply cap of 2.1B coins (previously there was no cap)
- Staking APY cut from 5.19% to 2.6%—directly halved
- Gas up 10x, 100% burned (per-transaction still around $0.00014, barely affecting the user experience)
- 335M votes in favor vs only 1,500 against, 39% participation rate—passed overwhelmingly
② Numbers to show you (Source: CoinGecko real-time data)
- 210M locked ÷ current circulating supply 871M ≈ 24% of circulating. Note: this is the Foundation’s staking used for network security; rewards go to the Foundation’s operations (Cointelegraph), not necessarily “burned.”
- 2.1B cap vs current total supply 1.21B: there’s still about 890M coins of issuance room—so the cap isn’t tight at all right now
- Price $0.703—still down 96.5% from the all-time high of $19.92
- Burning is indeed happening: in the past 30 days, 159,600 APT were burned (CryptoCompass). But at the current price, that’s about $110k—only 0.018% of circulating. Pretty much negligible.
③ Compare against the broader market (my rule: to talk about gains/losses, you must check the market too)
- APT 24h: -5.1%; BTC same period: -2.8% (CoinGecko real-time), underperforming by 2.3 percentage points
- 7d: -7.8%, staying weak
When the “good news” spread, the price didn’t even beat the broader market—this was already priced in months ago.
The real variables left are only two: when the 210M locking actually executes, and whether the on-chain application’s burn volume can outpace new issuance. Until then, when you see a “sudden” type of viral propagation, check the timestamp first before acting.
$APT $BTC #Aptos #tokenomics
Not investment advice.