APT price volatility spikes as Aptos Labs CEO and co-founder Mo Shaikh steps down

Description

Digital assets traded largely in the red on Friday as Bitcoin failed to steady above $100K amid unwelcoming economic signals . The altcoin space continued to bleed, with most assets recording significant losses over the past day. Meanwhile, reports of Aptos Labs CEO quitting amplified APT’s price volatility. The native token plummeted from a daily peak of $12.66 to the $11.02 low – a 12.96% slide. Aptos CEO quits Aptos Labs CEO and co-founder Mo Shaikh confirmed his decision to step down today. ...