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ApeCoin's APE Could See Selling Pressure Ahead of Major Token Unlock

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Of the 1 billion total supply, 62% belongs to the ecosystem fund, 16% to ApeCoin issuer Yuga Labs, 8% to Bored Ape Yacht Club (BAYC) founders and 14% to independent launch contributors. The unlocks for Yuga and BAYC founders are scheduled for next March, and this weekend’s unlocks are part of the token supply earmarked for contributors.

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  • Source: https://www.coindesk.com/markets/2022/09/16/apecoins-ape-could-see-selling-pressure-ahead-of-major-token-unlock/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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