Breaking News: Mo Shaikh resigns as CEO of #Aptos

Mo Shaikh, CEO of Aptos, has just announced his resignation, marking a significant turning point for this Layer 1 blockchain project.

Assessing the situation

As a holder and follower of Aptos since the testnet wave 2 phase, I am very impressed with how the project has built its brand, marketing strategy, and superior technology. Aptos delivers a smooth experience with low transaction fees, regarded as one of the best new generation L1 blockchains.

However, from an investor's perspective, the project still has some limitations:

APT price performance: The native token price growth is quite slow compared to the altcoin market. Ecosystem: Slow development, lacking projects that attract capital flow and users.

Bright spots

Aptos still maintains a significant advantage thanks to its ample Treasury with a large amount of $APT, laying the foundation for long-term development plans.

Future expectations

With the leadership change, I hope Aptos will restructure, accelerate the development of the ecosystem, and fully leverage its inherent potential to become a leading blockchain platform.