The Aptos Foundation just announced it will permanently lock up and stake 210 million $APT —about 37% of the tokens it held when the mainnet launched. It says it won’t sell or distribute the principal, and will live off the staking rewards.
The market seems to have caught on: it’s up around 7–8% in 24 hours, with over 100 million U in trading volume.
Do you think locking up the supply can actually support the price? What’s your take? Come hash it out in the comments.
The market seems to have caught on: it’s up around 7–8% in 24 hours, with over 100 million U in trading volume.
Do you think locking up the supply can actually support the price? What’s your take? Come hash it out in the comments.