The aPriori airdrop scandal has cast a shadow over Monad's upcoming $MON token sale and mainnet launch scheduled for November 24. On October 23, 14,000 new wallets claimed 60% of $APR tokens, leading to a 69% plunge in $APR's market cap from $300 million to $93 million. This has raised concerns of insider manipulation, as on-chain analysis by Bubblemaps and Lookonchain showed these wallets were created just before the airdrop and quickly dumped the tokens.
aPriori, a significant liquid staking partner for Monad, has been criticized for allegedly prioritizing insiders over the broader community. Despite the backlash, the aPriori team has yet to issue a public response, leaving the future of Monad's initiatives uncertain amid the controversy.
aPriori Airdrop Scandal Jeopardizes Monad's $MON Sale and Mainnet Launch
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