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 March 2023, while this weekend’s unlocks are part of the token supply earmarked for contributors.
ApeCoin’s APE Could See Selling Pressure Ahead of Major Token Unlock
