APT Token Delivers Spectacular Returns of 420% in 2023

The price of Aptos (APT) shot up 150% over the past week.
APT reached an all-time high of $19.8 but traders are accumulating short positions.
Data from Lookonchain takes a closer look at key data like tokenomics, funding rounds, etc.

Aptos was arguably the most talked about layer 1 blockchain over the past week. Its native token APT took the crypto market by storm delivering spectacular returns of 420% since the beginning of the year. On-chain analytics firm Lookonchain took a closer look at the key data surrounding Aptos.

The price of $APT rose from $7.9 to $19.8 in the past 7 days, an increase of ~150%.
1.🧵
Here is a thread of $APT.
Including:
– Long/Short Data
– Tokenomics
– Top 20 Holders
– The Top Address “Aptos 1”
– Funding Rounds for Aptos. pic.twitter.com/h4vFvtgruG
— Lookonchain (@lookonchain) January 27, 2023

The most talked about metric for the past week would be the significant price rise, 150% to be precise. APT rose $7.9 to an all-time high of $19.8. According to data gathered by Lookonchain, a total of 820,680 APT worth $14.4 million were liquidated over the past 24 hours, making it the third largest liquidated asset.

Furthermore, exchange liquidation data indicated that the shorts on the token outnumbered the long positions over the past 24 hours. OKX was the crypto exchange with the majority of the short positions. However, the long positions on Binance outnumbered the shorts.

According to the tokenomics data, APT had an initial supply of 1 billion. 510.2 million of the tokens went to the community (51.02%), 190 million APT went to the project’s core contributors (19%), the Aptos Foundation received 165 million APT (16.5%) and the investors got 134.8 million APT (13.48%).

As per the APT Supply Schedule, investors and core contributors will not have access to their share of the tokens in the first 12 months of the project’s launch. Their tokens will be unlocked for the first time later this year in November. The investors include Three Arrows Capital, FTX Ventures, Binance Labs, etc. These investors raised $200 million in the seed round on 15 March 2022, followed by a Series A funding round that raised $150 million.

Lookonchain further revealed that the top 20 holders of APT held a total of 155.5 million APT worth over $2.7 billion. These tokens account for 15.3% of the total supply and 97.1% of the circulating supply. While Aptos is the top holder with the most tokens, Binance is the fourth largest holder with $248 million worth of APT.

Post Views: 49

Source: https://coinedition.com/apt-token-delivers-spectacular-returns-of-420-in-2023/