What to Know:
- Linea drops 3.98% after token unlock adds sell pressure, despite new gas-saving upgrade.
- Aptos jumps with 1.8M active wallets and Chainlink integration but faces a $36.5M unlock.
- $476M in token unlocks across projects like Linea and Aptos this week could test altcoin market stability.
LINEA’s price fell around 3.98 % in the last 24 hours, under-performing the broader crypto market which dropped 0.99 %. Analysts point to several key drivers. Firstly, a huge token unlock. On November 10, about 2.88 billion LINEA tokens valued around $36.6 million and representing 16.44% of the circulating supply were released into the market. Secondly, the technical weakness. LINEA’s price broke below critical support around the $0.013 level and the RSI is suggesting bearish momentum.
Linea Token Unlock and Upgrade
Declan from Linea Team explained in a podcast,”Tokens become available to the consortium for ecosystem programs. They don’t have to be spent. This creates transparency for analysts and investors who can track exact supply over our 10-year schedule. Unlike other projects where 40-50% of unlocks go to VCs and teams who often cash out, Linea has zero VC or team allocation. When you see our monthly unlocks, you’re seeing ecosystem investment. Every unlock serves the protocol and community growth.”
Complicating things further, the LINEA community is divided. On one side, there’s genuine optimism the backing of ConsenSys adds institutional credibility, SWIFT pilots and a $200 million ETH stake from SharpLink Gaming have raised expectations. On the other side, many fear “mercenary liquidity” large token releases followed by rapid selling that can undermine price recovery.
Despite the noise, LINEA continues to push technical upgrades and institutional signals. For example, it has recently improved its gas-fee estimation to make transactions cheaper and simpler. The code of linea_estimateGas gives you accurate fees in one RPC call, solving inclusion issues and preventing overpayment. The result is ~30% less gas paid per transaction. But these positives may take time to show up as price recovery while supply pressure remains.
Aptos Surges as Momentum Builds
Meanwhile, Aptos is enjoying a surge of momentum. On November 10, the token jumped about 15 % as active wallets on its network doubled to roughly 1.8 million. Additionally, the network strengthened its infrastructure: through a deepening integration with Chainlink and its data-feeds via partner Decibel, Aptos is enhancing its appeal in DeFi and derivatives spaces.
But even here there’s a problem, supply pressure from upcoming unlocks. On November 11, Aptos is expected to release 11.3 million APT tokens worth about $36.5 million into circulation. So while network usage and sentiment are strong, investors remain aware that unless demand keeps up, that unlock could act as a brake on price gains.
Adding to the dual narrative: while the fundamentals look solid for Aptos transaction and wallet growth, DeFi integrations prior price action shows that even strong networks can soften: for example, earlier in the month Aptos had a 14 % drop despite strong on-chain stats. Aptos recently launched cross-chain wallets on Aptos with SIWx, making onboarding easier than ever. No new wallets, seed phrases, or bridges necessary. Devs can verify wallets as if they were native Aptos accounts
Final Thoughts
Both LINEA and Aptos are part of a wider wave of unlocks. According to recent data, more than $476 million worth of tokens from various projects are scheduled for release during the week of November 10 to November 17. This large influx of supply has the potential to weigh on prices across the altcoin space.
For LINEA, immediate challenges stand out: large unlock, technical weakness, and cautious community sentiment all combine for a potentially tough short-term path. Institutional signals are there, but they may take longer to translate into price strength.
For Aptos, the story is more upbeat strong adoption metrics, growing ecosystem and integrations give it a bullish angle but that unlock on the horizon means it’s not without its risks. If demand doesn’t rise to absorb the new supply, the good vibes may not be enough.
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