On November 12, 2484 Million APT Tokens to Hit the Market

Crypto News– At present, over 82% of the tokens within the network are staked across various categories, predominantly held by the distribution schedule. On November 12, a substantial amount of 24.84 million APT tokens are set to be unlocked, and earmarked for distribution among core contributors, investors, the community, and the foundation. This release has triggered speculation regarding a potential significant sell-off and the subsequent likelihood of a price decline.

On November 12, 2484 Million APT Tokens to Hit the Market

Aptos initiated its mainnet with an initial total supply of 1 billion Aptos tokens (APT), each having 8 digits of precision, with the smallest unit referred to as an Octa. The majority of tokens, totaling 410,217,359.767, are held by the Aptos Foundation, while 100,000,000 are in the possession of Aptos Labs. The latter will be distributed over ten years to support various community and foundation initiatives.

In the community category, an initial 125,000,000 APT is made available, and an additional 5,000,000 APT is allocated for the foundation category. The remaining tokens for both categories are slated to unlock gradually over the next decade. Core contributors and investors adhere to a four-year lock-up schedule, with a phased unlocking process commencing from the 13th month post the mainnet launch.

Elevated Staking Levels Reflect Robust Backing for Aptos

Aptos has achieved a noteworthy milestone by successfully securing $200 million in a strategic funding round led by Andreessen Horowitz, coupled with an additional $150 million in a Series A round spearheaded by FTX Ventures and Jump Crypto. Strategic investments from notable entities such as Binance Labs and Dragonfly Capital further bolstered Aptos’s financial standing. As of now, the circulating supply stands at 249,315,151 APT, and real-time data from Oklink reports 195.18 million APT, with an impressive 87% of the total (869.63 million APT) staked.

The concentration of ownership is notable, with the top 100 holders controlling 83% of the real-time circulating supply, totaling 161.17 million APT. This substantial staking percentage underscores a robust commitment from the community. Armed with a strong fundraising history, strategic partnerships, and a dynamic presence in the crypto landscape, Aptos stands out as a project poised for continued success.