Aptos has continued to rise following the shocking news a couple of weeks ago that the project's co-founder Mo Shaikh would be stepping down (though he will retain a role as a strategic advisor).

pointing to the struggles of Aptos and Sui to attract significant communities. Aptos cofounder and CEO Mo Shaikh announced he was stepping down in December.

Aptos cofounder and CEO Mo Shaikh announced he was stepping down in December. Movement launched a beta version of its mainnet in December along with its token, which is currently trading on major ...

Aptos Labs was founded by CEO Mo Shaikh and CTO Avery Ching, both of whom formerly worked at Meta Platforms and had years of experience as a senior developer and engineer in the blockchain industry.

The pair alluded to other Move-based projects and their failure to gain broad traction, which helped cause Aptos’ CEO Mo Shaikh to resign last month. These lessons are informing future plans.