60% of the airdrop was taken away, aPriori went from a star project to a trust crisis.

CN
3 hours ago

Original | Odaily Planet Daily (@OdailyChina)

Author | Asher (@Asher0210)_

This Friday, the star project aPriori of the Monad ecosystem announced on the X platform that it has raised $30 million, stating that on the first day of the Monad mainnet launch, more APR airdrops will be added, with rewards having no lock-up or restrictions, distributed according to community contributions, and all existing APR tokens will be bridged to the Monad mainnet.

This was good news for the "airdrop hunters" who participated in aPriori's early interactions, but the community was not convinced, with many asking, "Has the previous issue of insider trading been clarified?"

aPriori has already had its TGE, but the token airdrop has caused community dissatisfaction

In fact, although Monad has not yet conducted its TGE, its high-funding ecological project aPriori was launched on Binance Alpha on October 23, and contract trading was also launched on Binance the same day. On the opening day, the community had strong negative sentiments towards aPriori: on one hand, the token price peaked above $0.7 after opening but then continued to decline, dropping to a low of $0.23; on the other hand, the vast majority of early project participants failed to receive the airdrop, and even those who did received a "pitifully small" amount.

APR K-line chart

60% of the airdrop was taken, suspected "insider trading"?

The most unacceptable news came: 60% of the airdrop tokens were claimed by the same entity through 14,000 addresses. On November 11, the blockchain analysis platform Bubblemaps released data analysis on X, showing that 60% of aPriori's airdrop tokens were claimed by the same entity through 14,000 interconnected wallets, which each deposited 0.001 BNB on Binance in a short period and then transferred the APR tokens to a batch of new wallets.

"Insider trading" address bubble chart

On November 14, Bubblemaps stated that they had already contacted the aPriori team seeking an explanation regarding the situation of "60% of the airdrop being claimed by the same entity through 14,000 addresses," but had not received a response as of now.

Additionally, blockchain detective ZachXBT also posted on the X platform that he had privately messaged aPriori's co-founder regarding the "insider trading" issue, but had not received a reply as of November 18.

After the "insider trading" incident was exposed, the team remained silent for a long time, the official X account did not post task tweets for several days, and there was hardly any communication from administrators in the Discord channel, leading to increased "grievances" in the community, with various speculations circulating: "Did the project team sell off the tokens and run away?" "Has the team switched projects to make money?"

The future of aPriori remains controversial

Now, aPriori has transformed from a once highly anticipated "star project of the Monad ecosystem" into the "center of airdrop controversy" in community discourse. This Friday, the team finally posted on the X platform, stating that they had noticed community discussions regarding potential witch activities related to the project, and claimed that no evidence had been found indicating that team or foundation members claimed the airdrop, while promising to issue more tokens.

However, this statement seems unsubstantiated and lacks strength. The community generally believes that the past issue of the majority of airdrops being claimed by a few entities through 14,000 addresses has not been transparently explained, and the promise of additional distributions cannot immediately quell the doubts. The vast majority of community members still question the project's governance capabilities, transparency, and team integrity, and the trust crisis has not dissipated.

Currently, there is no indication that aPriori's officials intend to provide more data dimensions to explain the "insider trading" incident; perhaps the only way to convince the community now is to "pull up the token price" to win them over.

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