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.
Source: https://en.coinotag.com/breakingnews/former-aptos-ceo-mo-shaikh-still-holds-98-of-apt-tokens-while-building-a-significant-sui-portfolio/