Aptos Ownership Populated by Whales
Many crypto analysts have warned that despite the good market situation Aptos is experiencing, small capital traders should be wary of the token as its owners are mostly crypto whales and large institutions.
Data showed that the top 20 holders of the token currently own 97% of the circulating supply. While this might be good at this point of profit and bullish trend, it is very dangerous to trade with tokens that have this type of ownership structure. When the crypto whales and institutional investors decide to make a profit, it can result in a massive loss on the path of the low-capital investors.
The unlocking period of this token is scheduled to be around November this year. When this happens, whales could take all their profit, leaving the token in a complicated situation.
