Aptos APT price has fallen 50% - let's find out why

Aptos, a blockchain network developed by former Meta employees, has launched on the mainnet and has even gone live on exchanges.

Aptos is the latest in a long list of first-tier blockchain networks launched, which claim to be the "killer" of those already running. It's funny that Solana hasn't killed anyone yet, but her killer is already maturing :D. How bloodthirsty they all are :( 

The Aptos team hopes to poach developers from existing networks and aims to support a wide range of web3 applications. Support for significant exchanges (by investors) despite tokenomics. Major sales, including Coinbase, Binance, and FTX (all of which were Aptos investors), were quick to include the APT token in the listing process and poured, of course. 

This happened even though Aptos had no transparent tokenomics or issuance schedule. Still, it doesn't seem to bother those who invest heavily in the project.

As expected, token prices jumped as soon as they hit the exchanges, hitting $13.73 on the morning of October 19.

However, as market analysts predicted, APT has already fallen nearly 50% to $7.30 at the time of publication. This could be massive dumping of coins by venture capitalists and investors, with the retail industry again thrown to the wolves.