Token

Axie Infinity

Coin

<ul class="news-points"> 
 <li><strong>Token Unlocks revealed that ASX worth more than $21 million will be unlocked in the next two days.</strong></li> 
 <li><strong>Historically, unlock events have caused the price of AXS to rise.</strong></li> 
 <li><strong>A significant medium-term bullish technical flag was on the verge of being triggered on AXS’ daily chart.</strong></li> 
</ul> 
<p>The tokenomics tracking dashboard, Token Unlocks, shared on Twitter earlier today that a huge unlocking event is on the horizon for <a href="https://coinedition.com/tag/axie-Infinity-axs/" rel="noopener noreferrer nofollow">Axie Infinity (AXS)</a>. According to the post, AXS is set to unlock 2.96% of its supply in just two days, which will likely be worth more than $21.8 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr">. <a href="https://twitter.com/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AXS</a> is set to unlock 2.96% in just 2 days, which amounts to a staggering $21.82 million. <a href="https://twitter.com/AxieInfinity?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@AxieInfinity</a><br><br>Looking back at the price impact of the last 5 unlocks from 12 months ago, we observed that the <a href="https://twitter.com/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AXS</a> price rose during the unlock period, but then remained in a downtrend… <a href="https://t.co/GtUZzkDHRS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GtUZzkDHRS</a></p>— Token Unlocks (@Token_Unlocks) <a href="https://twitter.com/Token_Unlocks/status/1681896911668924416?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 20, 2023</a> 
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</figure> 
<p>The magnitude of the unlocking event is impressive on its own, but it is also worth noting that over the past 5 token unlocks, <a href="https://coinedition.com/axie-infinity-axs-price-prediction/" rel="noopener noreferrer nofollow">AXS’s price</a> rose during each unlocking period, according to Token Unlocks. There was, however, a downtrend shortly after the unlock…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/massive-unlocking-event-approaches-for-axs-hike-on-the-horizon/">Massive Unlocking Event Approaches For AXS: Hike on the Horizon?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Massive Unlocking Event Approaches For AXS: Hike on the Horizon?

Coin Edition

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