Express

New Crypto Aptos Off to a Rocky Start

Katie Lin

Summary: Aptos (APT) plunged in price early in its debut on Wednesday. The new cryptocurrency was at around $9 – down by more than 30% – on CoinGecko within the first hour of trading. Many crypto exchanges opened spot trading for Aptos in an effort to reverse the situation. Founder Mo Shaikh had been defending against controversies ...

Aptos (APT) plunged in price early in its debut on Wednesday.

The new cryptocurrency was at around $9 down by more than 30% – on CoinGecko within the first hour of trading.

Many crypto exchanges opened spot trading for Aptos in an effort to reverse the situation.

Founder Mo Shaikh had been defending against controversies surrounding the network and allegations about its processing times just a day before, the situation worsened by scammers and reports of people unable to redeem their tokens in the early hours of the token's debut. An Aptos moderator, as a result, had to shut the channel down for the second time this week.

Author: Katie Lin

Last Update:

Tags:
Link: New Crypto Aptos Off to a Rocky Start   [Copy]
  • Ethereum All Core Developers Execution Call #192 Writeup 2 days ago
  • The Product Gap in Blockchain: Shifting Focus from Infrastructure to User-Centric Appli... 4 days ago
  • What Would a Trump Presidency Mean for Bitcoin? 5 days ago
  • Google’s move on Wiz: a cybersecurity game-changer, or another pointless splurge? 7 days ago
  • The Risks and Rewards of Staking 7 days ago
  • You need to login to comment.