This project is a Binance TGE project, listed on Binance Futures, with Binance Alpha trading starting at 18:00 on October 23, and Binance Futures at 18:30. Institutional financing of 30 million USD, VC strong with Binance investment, strong background, active community and high attention, belongs to the liquid staking sector of Monad, below we will analyze $Apr (aPriori):

I. Investment Research Conclusion (Quick Summary)

Project Summary: A MEV liquid staking protocol in the Monad ecosystem, similar to Jto, Lido, etc. Funded 30 million USD, VC strong with Binance investment, VC cost.

Simple Introduction:

The core positioning of aPriori is a staking platform on the Monad blockchain, where users can stake Monad's native token $MON to obtain $aprMON - a reward-bearing token. This token not only retains user liquidity (can be seamlessly integrated into DeFi protocols such as lending, trading, etc.), but also amplifies staking returns through the MEV mechanism.

Valuation Analysis: Total token supply 1 billion, circulation 18.5%, selling pressure 13.5% (Binance TGE 1.5%, community airdrop 12% not yet queried).

1) PRE Seed Round: 2.7 million

2) Seed Round: 8 million, valuation 100 million, institutional cost price 0.1

3) Latest Round: 20 million, August 28, 2025, Binance, Pantera Capital investment

Total funding: 30.7 million, allocated tokens 16%, institutional average cost price 0.19, cost between 0.1-0.2

Comprehensive Valuation Estimate: Institutional cost between 0.1-0.2, recent new coin valuation around 100-200 million, Monad's top one, short-term can be played, there is still room for manipulation before Monad's token launch.

Comprehensive Evaluation [Hidden Long]: A MEV liquid staking protocol in the Monad ecosystem, the top one in the Monad ecosystem, launched tokens before the Monad TGE, probably up to something, previous research teachers basically didn't write about this project, but there might be an opportunity, funded 30 million, also Binance funding, founder from Jump, the most powerful market maker in the last round, background is quite strong, VC cost 0.1-0.2, only listed on futures, no airdrop query and airdrop on Mon chain, may have manipulation methods, if the price is low, can be considered as a lottery investment.

II. Other KOL Opinions: Summarized from 5 people, all are bullish

1) Wuyanzu [Bearish]

@fengyue010906

YZI has done great work, looking at his senior @monad hasn't launched mainnet token, he launched Alpha first, it's clear.

In the token economics, the mid-range is clear, the price is currently 0.35, but a project that hasn't even launched its mainnet, has no product TVL, is very eager to launch tokens, 300 million market cap is just empty talk. It's just because his senior @monad messed up the situation, preparing to make money early, otherwise, when the mainnet is launched, the senior's market cap plummets, then launching tokens would be a loss.

2) ElevenEleve [Neutral]

@EleveResearch

Mon's top project; invested by YZI Lab

Community airdrop interface not out; most airdrops on MON chain

Market buying sentiment is extremely poor, turtles were smashed

3) 0x Qingshan [Neutral]

@0xHengxi

Protocol on Mon chain launched tokens on BSC in advance, rumors of protocol and chain incompatibility, estimated FDV 200-400 million

4) Howe | 𝟎𝐱𝐔 [Bearish]

@0xcryptoHowe

Overall, I think it's actually average, especially as the leading DeFi project in the ecosystem, TVL is only a few million Mon, no particularly impressive data and mechanisms, just relatively stronger endorsement. But honestly, I don't think this project has a very high ceiling, expectations are not high, I don't plan to buy in the secondary market, at most participate in the pre-sale as simple financial management

Risk Warning: The above content is based on network information analysis and compilation, for project research discussion only, do not use as investment basis.

Author: Sakura, ChainThink

Proofreading: Evan, ChainThink