{"id":19783,"date":"2024-12-21T17:04:02","date_gmt":"2024-12-21T15:04:02","guid":{"rendered":"https:\/\/forklog.com\/en\/aptos-price-declines-amid-leadership-change\/"},"modified":"2024-12-21T17:04:02","modified_gmt":"2024-12-21T15:04:02","slug":"aptos-price-declines-amid-leadership-change","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/aptos-price-declines-amid-leadership-change\/","title":{"rendered":"Aptos Price Declines Amid Leadership Change"},"content":{"rendered":"<p>The price of APT has dropped by approximately 25% over the past week following a leadership change at the blockchain project Aptos.<\/p>\n<p><!--more--><\/p>\n<p>The asset now ranks 33rd on CoinGecko, competing in market capitalization with Bitget Token and the stablecoin USDS.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"292\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/APT_coingecko-1024x292.png\" alt=\"APT_coingecko\" class=\"wp-image-248378\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/APT_coingecko-1024x292.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/APT_coingecko-300x85.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/APT_coingecko-768x219.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/APT_coingecko-1536x438.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/APT_coingecko.png 1618w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.\u00a0<br \/><\/figcaption><\/figure>\n<p>The new CEO will be Aptos co-founder and CTO Avery Ching, who, according to former head Mo Shaikh, will &#8220;lead the company into the next phase of growth.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">For as long as I can remember, I\u2019ve been passionate about building systems that empower people\u2014fairer, more open systems. Since 2016, I have been deeply involved in the blockchain world, both exploring and contributing to its transformative social and economic potential.<\/p>\n<p>Three\u2026<\/p>\n<p>\u2014 Mo Shaikh ? aptOS (@moshaikhs) <a href=\"https:\/\/twitter.com\/moshaikhs\/status\/1869851984129569194?ref_src=twsrc%5Etfw\">December 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a conversation with <a href=\"https:\/\/www.theblock.co\/post\/331781\/aptos-labs-co-founder-mo-shaikh-steps-down-as-ceo\">The Block<\/a>, a representative of Aptos Labs stated that Ching will focus on technological innovations and strive to bring new products to market quickly &#8220;to support the ecosystem.&#8221;<\/p>\n<p>The Aptos blockchain platform operates on the AptosBFT consensus algorithm, utilizing parallel transaction execution technologies. The Move programming language is used for creating smart contracts.<\/p>\n<p>The project was founded by former employees of Diem (previously Libra), a division of Meta that was closed in early 2022.  <\/p>\n<p>In August, support for Aptos was <a href=\"https:\/\/forklog.com\/en\/news\/tether-announces-usdt-launch-on-aptos-network\">added<\/a> by Tether, the issuer of the most popular stablecoin USDT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of APT has dropped by approximately 25% over the past week following a leadership change at the blockchain project Aptos.<\/p>\n","protected":false},"author":1,"featured_media":19782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1393],"class_list":["post-19783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aptos-apt"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19783"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19782"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}