Recently over the weekend, nearly 10% of the total supply of Aptos (APT) was unlocked. A total of 24.84 million tokens were distributed to four main groups in the ecosystem. As part of the scheduled unlocks, the Aptos Foundation received 1.33 million APT worth $10.72 million, core contributors received 11.88 million tokens worth $95.47 million, investors received 8.42 million tokens worth $67.73 million, and the community received 3.21 million tokens worth $25.81 million.
According to blockchain tracking firm Lookonchain, the distribution of APT tokens is now as follows: 51.02% of the APT supply is 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. For example, $200 million was raised in the Strategic round led by Andreessen Horowitz (a16z) on 15 Mar 2022, and $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. Despite the commonly held belief that unlocks are bearish due to the introduction of new sellable supply, Aptos is currently trading at $8.02, up 5% in the last 24 hours.
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The distribution of tokens and the impressive percentages held within the community, by core contributors, the foundation, and investors reflect the strong support and investment in Aptos. With significant capital raised and strategic investments from industry giants, Aptos is well-positioned for growth and continued success.
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In conclusion, the recent unlocks of Aptos tokens, the distribution percentages, and the support from industry players indicate positive growth prospects for the Aptos ecosystem. With its focus on scalability and security, Aptos is well-positioned to make an impact in the smart contract protocol space. As the cryptocurrency market continues to evolve, staying informed and being aware of market movements and developments is crucial for investors, and platforms like The Daily Hodl provide valuable resources for staying up to date with the latest news and trends in the industry.
