Nearly 10% of the total supply of Aptos (APT) was unlocked over the weekend as 24.84 million tokens were distributed to four main groups in the ecosystem.
As part of its scheduled unlocks, 1.33 million APT worth $10.72 million was given to the Aptos Foundation, 11.88 million tokens worth $95.47 million to the core contributors, 8.42 million tokens worth $67.73 million to investors and 3.21 million tokens worth $25.81 million to the community.
According to blockchain tracking firm Lookonchain, 51.02% of the APT supply is now held within the community, while core contributors, the foundation, and investors hold 19%, 16.5% and 13.48% respectively.
Lookonchain also mentions some of the giants in the industry that were part of the project’s capital raise.
“$200 million was raised in the Strategic round led by Andreessen Horowitz (a16z) on 15 Mar 2022.
$150 million was raised in Series A led by FTX Ventures and Jump Crypto on 25 July 2022.
Binance Labs and Dragonfly Capital have also made strategic investments in Aptos…
According to Oklink, the real-time circulating supply is 195.18 million APT ($1.4 billion), and 869.63 million APT (87%) is staked.
The top 100 holders hold a total of 161.17 million APT ($1.18 billion), accounting for 83% of the real-time circulating supply.”
Aptos is a smart contract protocol that aims to be more scalable and more secure than its competitors.
While unlocks are often perceived as bearish given the new sellable supply, Aptos is trading at $8.02, up 5% in the last 24 hours.
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Featured Image: Shutterstock/Mia Stendal