Pantera-backed Apriori Silent After One Entity Claims 60% Of Airdrop

About 60% of aPriori’s APR airdrop was claimed by a single entity across 14,000 interconnected wallets, according to Bubblemaps.

Web3 startup aPriori has gone quiet after fresh allegations over its latest token airdrop, as onchain analysts flag unusually concentrated distribution patterns.

About 60% of the recent aPriori (APR) token airdrop was claimed by a single entity across 14,000 interconnected cryptocurrency wallets, according to blockchain analytics platform Bubblemaps.

The wallets were freshly funded through crypto exchange Binance with 0.001 BNB (BNB) each over a short period, Bubblemaps said. All of the addresses then sent their APR allocations to new wallets.

The mysterious entity that claimed 60% of the airdrop allocations was still funding new wallets to claim more of these tokens, Bubblemaps said in a Nov. 11 X post.

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APriori launched its airdrop claim on Oct. 23, shortly before the BNB Chain-native token surpassed $300 million in market capitalization. About 12% of the APR token supply was allocated to the airdrop.

In August, aPriori raised $20 million to expand its trading infrastructure platform, with participation from Pantera Capital, HashKey Capital and Primitive Ventures among others, bringing its total funding to $30 million.

The San Francisco–based company was founded in 2023 by former quant traders and engineers with experience at Coinbase, Jump Trading and Citadel Securities.

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Source: CoinTelegraph