APR plunged today. Does “all the tokens that haven’t unlocked are in the market makers’ hands” explain who is dumping? An old post on Binance Square made exactly this inference about its token holdings, but the unvested balance alone cannot identify its holders.
As of 5:07 p.m. Beijing time on October 18, APRUSDT perpetual on Binance was down 49.1% over 24 hours.
In the project’s initial allocation plan announced on October 22, 2025, early investors and core contributors were each allocated 16%, while 1% was allocated for exchange liquidity and market stability. These categories distinguish allocation recipients and purposes; “not yet unlocked” describes a release-time restriction and does not mean that allocations from different categories can automatically be combined and treated as inventory held by a single market maker.
This initial plan is also not a look-through of today’s holdings, and it cannot be used to prove that market makers control only the liquidity allocation. To attribute the non-circulating balance to market makers and then use it to explain today’s sell-off, evidence linking the addresses to their owners and showing actual trades is still needed. An unlock schedule discusses when supply can be released; it cannot directly answer who is selling today.
$APR #币安合约 #Tokenomics
As of 5:07 p.m. Beijing time on October 18, APRUSDT perpetual on Binance was down 49.1% over 24 hours.
In the project’s initial allocation plan announced on October 22, 2025, early investors and core contributors were each allocated 16%, while 1% was allocated for exchange liquidity and market stability. These categories distinguish allocation recipients and purposes; “not yet unlocked” describes a release-time restriction and does not mean that allocations from different categories can automatically be combined and treated as inventory held by a single market maker.
This initial plan is also not a look-through of today’s holdings, and it cannot be used to prove that market makers control only the liquidity allocation. To attribute the non-circulating balance to market makers and then use it to explain today’s sell-off, evidence linking the addresses to their owners and showing actual trades is still needed. An unlock schedule discusses when supply can be released; it cannot directly answer who is selling today.
$APR #币安合约 #Tokenomics