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

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.