Watch Out: Suspected Fraud Involving a Listed Altcoin on Major Exchanges
Blockchain analysis platform Bubblemaps has uncovered potential manipulation in the APR token airdrop of the aPriori project, where 60% of the airdrop, distributed on the BNB Chain, was claimed by a single entity using approximately 14,000 interconnected wallets. These wallets were funded through Binance and coordinated to transfer APR tokens to new addresses. aPriori, backed by prominent investors and raising $30 million, distributed 12% of its token supply via the airdrop, raising concerns about fairness. Bubblemaps has reached out to aPriori for clarification but has received no response.
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Suspicious Activities Detected in aPriori's APR Token Airdrop
Blockchain analysis platform Bubblemaps has detected serious suspicions of manipulation in the APR token airdrop of the aPriori project. The project, which is backed by prominent investors, has come under scrutiny due to irregularities in the airdrop process.
Details of the Alleged Manipulation
According to Bubblemaps, 60% of aPriori’s airdrop on BNB Chain, which had previously raised $30 million in funding, was claimed by a single entity. This entity allegedly utilized approximately 14,000 linked addresses to claim the tokens.
Reports suggest that all of these wallets were newly funded on Binance, each receiving 0.001 BNB, with the transactions occurring in narrow timeframes. The wallets later transferred their APR tokens to other newly created addresses.
Cluster Analysis and Coordination Evidence
Bubblemaps’ on-chain cluster analysis indicates that the transactions were coordinated by a single entity. This finding strongly suggests deliberate manipulation of the token distribution process. aPriori, despite being a highly anticipated project in the Monad ecosystem, has faced criticism for these uncovered practices.
Unfair Distribution and Market Impact
The aPriori project launched its APR token on the BNB Chain on October 23rd, quickly achieving a market capitalization of $300 million. Before the mainnet launch, 12% of the total token supply was distributed through an airdrop. However, this recent discovery raises serious doubts about the fairness of the token distribution process.
Bubblemaps' Remarks and Lack of Response from aPriori
Bubblemaps expressed concerns, stating, “This project raised $30 million from top-tier investors, but 60% of the airdrop was collected by a single entity. It's unclear how these addresses were deemed eligible.”
The platform also mentioned that they had attempted to contact the aPriori team, but have yet to receive any response. Reports indicate that the suspicious entity is still collecting tokens from the APR airdrop by funding newly created wallets.
Disclaimer
This is not investment advice.