Former Aptos CEO Mo Shaikh Still Holds 98% of APT Tokens While Building a Significant SUI Portfolio

On May 13th, COINOTAG News reported insights from Mo Shaikh, the former CEO and co-founder of Aptos, via his X platform account. Shaikh disclosed that he retains approximately 98% of his APT holdings and noted a considerable investment in SUI tokens, humorously referring to it as a “nice SUI bag.” His announcement comes after a significant career shift; in December, Shaikh had revealed his resignation while committing to remain as a strategic advisor to Aptos Labs. During this transitional phase, he emphasized a need for introspection regarding the future trajectory of the financial ecosystem, aiming to ensure that Aptos evolves into the most mature Layer 1 blockchain in the industry. His ongoing involvement is expected to be pivotal as Aptos navigates the complex landscape of decentralized finance and blockchain technology.