Total wallet balance (excluding staked supply) have been showing consistent growth, recently crossing 260M APT, which indicates strong long-term holding behavior.
Larger holders (50K+ & 100K+ APT wallets) have been showing steady growth since early 2024, clearly indicating institutional and whale accumulation. These racks now dominate a much larger portion of total supply.
The foundation & Module wallets (shades of purple) keep their relative stability, while CEX wallets (light blue) are losing relative share, thus fewer tokens are on exchanges.
The takeaway is: More APT is being held by bona fide wallets and not traded, a classic prelude before supply squeezes occur.
Aptos is now going from distribution towards accumulation on which smart money is loading.
