Upbit Temporarily Halts Services Amidst APT Token Scam

APT is trading inside a descending parallel channel.
Aptos Labs, the firm behind the APT token, has urgently demanded a halt in the listing of the $APT token.
Aptos has teething problems hours after mainnet deployment. VCs and team control majority of token supply.
Tokens that private investors hold are subject to a 12-month lockup, while the entire circulating supply will be released in the next ten years.
The Aptos Foundation has officially announced that they will be issuing a total of 20,076,150 APT Tokens that will airdrop to 110,235 testnet participants.