Against the backdrop of a change in leadership at the blockchain project Aptos, the price of $APT has fallen by ~25% over the past seven days.

The asset now occupies the 33rd position in the CoinGecko ranking, competing in market capitalization with Bitget Token and the stablecoin USDS.$BTC $BNB

The new CEO will be co-founder and CTO of Aptos, Avery Ching — he, as former head Mo Shaikh believes, will "take the company to the next stage of growth".

In a conversation with The Block, a representative of Aptos Labs stated that Ching will focus on technological innovations and will try to bring new products to market as quickly as possible "to support the ecosystem".

The Aptos blockchain platform operates on the AptosBFT consensus algorithm, using technologies for parallel execution of operations. The Move programming language is used to create smart contracts.

The project was founded by former employees of Diem (formerly Libra) — a division of the Meta corporation, which was shut down in early 2022.#2024Crypto #2024withBinance #2025