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Aptos Co-Founder Holds 98% APT Tokens, Advises Firm

Coin WorldTuesday, May 13, 2025 1:12 am ET

1min read

Mo Shaikh, the former co-founder and CEO of Aptos, recently disclosed on the X platform that he continues to hold approximately 98% of the APT token. Additionally, he mentioned possessing a significant amount of SUI tokens, indicating his ongoing involvement and confidence in the cryptocurrency market.

Shaikh's announcement comes several months after his resignation from Aptos in December of the previous year. At that time, he expressed his intention to serve as a strategic advisor to Aptos Labs and to reflect on the development direction of the company. Shaikh also mentioned his plans to deeply consider how the financial system evolves, aiming to continue driving Aptos to become the most mature Layer 1 in the field.

Shaikh's continued holding of a substantial portion of APT tokens suggests his belief in the long-term potential of Aptos. His strategic advisory role and ongoing reflection on the company's direction indicate that he remains actively engaged in shaping the future of Aptos, despite his resignation from the CEO position.

The disclosure of his significant SUI position further underscores Shaikh's investment strategy and his confidence in the broader cryptocurrency ecosystem. His actions and statements reflect a commitment to the growth and development of blockchain technology, positioning himself as a key figure in the industry.

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