- Aptos’ Alexander Spiegelman claims Monad’s approach borrows from BlockSTM, while Monad’s James Hunsaker denies the allegations.
- The market has yet to react significantly to the dispute, but Aptos (APT) saw a 5.80% daily gain, trading at $6.55 with a $3.85B market cap.
- APT’s RSI at 48.49 and a bullish MACD crossover signal a recovery, but resistance at $7-$7.50 must be broken for further upside.
A dispute between Aptos Research Director Alexander Spiegelman and Monad co founder James Hunsaker has surfaced, raising plagiarism concerns. Spiegelman pointed to similarities between Aptos’ BlockSTM and Monad’s approach, suggesting borrowed concepts.
Hunsaker countered by stating that Monad’s technology is rooted in established principles from 1979. He emphasized that his team never accessed Aptos’ code and instead focused on Software Transactional Memory in Haskell.
Technical Dispute and Market Reaction
Spiegelman noted that BlockSTM is one of the few Software Transactional Memory (STM) implementations in production. He claimed that previous attempts at optimistic concurrency control lacked efficiency until BlockSTM.
He said that BlockSTM v2 aims to enhance performance further. Hunsaker, however, dismissed these claims, reiterating that Monad’s approach is independent and built on long standing concepts.
The dispute has not yet caused market movements, but investor sentiment remains in focus. At press time on February 20, Aptos (APT) was trading at $6.55, a 5.80% daily gain. Over the past seven days, APT surged by 7.43%, yet it remains down by 20.42% for the month. The market cap is at $3.85 billion, up by 6.14%.
Price Trends and Technical Indicators
APT’s trading activity shows a price rebound after bottoming at $5.50. The token opened at $6.31, peaked at $7.07, and dipped to $6.27 before reaching its current level of $6.54, a 3.43% gain.
The trading volume of 1.26 million suggests moderate market activity. Historically, APT traded above $14 but followed a downtrend, forming lower highs and lower lows. The RSI is at 48.49, in a neutral zone.
The signal line at 35.79 indicates a gradual recovery. Previously, RSI dipped below 30, suggesting oversold conditions that led to the recent price stabilization. The MACD indicator shows a bullish crossover, with the MACD line at 0.153 surpassing the signal line at -0.451. The histogram, though negative at -0.603, is improving, hinting at weakening bearish pressure.
Resistance and Support Levels
APT has immediate resistance between $7 and $7.50, with a stronger barrier at $8. A sustained breakout above $7 could lead to further gains, but failure may lead to sideways movement. However, the important support levels are at $6 and $5.50, which previously stopped declines.
It remains to be seen whether the ongoing feud between Aptos and Monad will impact investor confidence. With Aptos attempting to defend its innovations and Monad defending its independence, future developments could influence both market sentiment and price action.
