Share this article
Aptos Token Surges on Microsoft Partnership Ahead of APT Supply Unlock
Some $33 million worth of the tokens are set to be unlocked and tradeable on the open market.
Updated Aug 10, 2023, 12:38 p.m. Published Aug 10, 2023, 7:25 a.m.
tokens surged as much as 15% on Wednesday after the network announced a partnership with Microsoft (MSFT). The surge comes ahead of a supply unlock that could add selling pressure, data suggests.
Just over 2% of the APT supply – worth $33 million at current prices – is set to be unlocked on August 12 at 05:30 am UTC, data shows. This is part of a planned move and will decrease locked tokens to 80% of the total supply.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Unlocks increase the circulating supply of any token in the open market, adding bearish sentiment if holders choose to sell and demand fails to keep up – causing prices to plunge quickly.
As such, Aptos has previously been criticized by the broader crypto community for predatory tokenomics and concerns over the distribution of tokens – where core contributors, investors and the Aptos Foundation received almost half the 1 billion tokens issued.
In contrast, Ethereum allocated just 9.9% of ether supply to the founding team and another 9.9% to the Ethereum Foundation during its 2015 issuance.
Wednesday’s price surge came as Aptos Labs, a blockchain started by former Meta Inc. employees, said it was expanding its tools and services using Microsoft's artificial intelligence technology. Planned products include a chatbot called Aptos Assistant and AI tools for smart contract programming.
At the time of writing, APT was up over 9% at $7.31.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations
Solana tumbled below $120 to its weakest price since April, while SUI, DOGE and ADA also fell sharply.
What to know:
- Bitcoin is teetering on the brink of falling below $85,000 level, accelerating declines in the crypto market.
- Altcoins such as SOL, Cardano, ADA, SUI and dogecoin led Thursday's drop.
- $550M in liquidations hit derivatives markets, but analysts said the pullback looks like orderly deleveraging rather than full-blown panic.
Top Stories
