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

Published 20/07/2023, 11:39
Massive Unlocking Event Approaches For AXS: Hike on the Horizon?
AXS/USD
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  • Token Unlocks revealed that ASX worth more than $21 million will be unlocked in the next two days.

  • Historically, unlock events have caused the price of AXS to rise.

  • A significant medium-term bullish technical flag was on the verge of being triggered on AXS’ daily chart.

The tokenomics tracking dashboard, Token Unlocks, shared on Twitter earlier today that a huge unlocking event is on the horizon for Axie Infinity (AXS). 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.

The magnitude of the unlocking event is impressive on its own, but it is also worth noting that over the past 5 token unlocks, AXS’s price rose during each unlocking period, according to Token Unlocks. There was, however, a downtrend shortly after the unlock…

The post Massive Unlocking Event Approaches For AXS: Hike on the Horizon? appeared first on Coin Edition.

The post Massive Unlocking Event Approaches For AXS: Hike on the Horizon? appeared first on Coin Edition.

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