Why Aptos Was Among the Leading Crypto Decliners Today
One of the more intriguing cryptocurrencies to follow in recent days has been Aptos. This crypto project is known for being a layer-1 smart contract blockchain with very high throughput (similar to others like Solana).
For now, it has managed to escape the attention of the Securities and Exchange Commission (SEC), which announced two lawsuits last week claiming a wide swath of crypto tokens are, in fact, securities. This initially led to a sharp increase yesterday.
However, with concern spreading across the crypto sector that projects such as Aptos could be among the next ones up in a rather long batting order for the SEC, this token has given up roughly all of its gains from yesterday. Thus, its 24-hour drop of 7.6% as of 4 p.m. ET today effectively brings investors back to where they were prior to the SEC's closely watched lawsuits.
Source Fool.com
