Despite an exciting new partnership with innovative gas credit protocol Shinami, the Aptos (APT) price was subdued on Tuesday.
The Aptos price fell 4.5% on the session from highs around $9.30 to the $8.50s.
The price drop comes amid sell pressure across the crypto space, with most major coins dropping a few percent.
The debut of Bitcoin and Ether ETFs in Hong Kong was a dud, and macro remains a headwind. The Fed is expected reiterate patience when it comes to rate cuts at tomorrow’s meeting.
That helped kill any excitement about the partnership with Shinami.
Shinami is a protocol that allows dApps to purchase gas credits so that dApp users can transact for free.
We’re now on 2 chains! Excited to partner with @Aptos to support Move builders, starting with a gas credits program
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