CoinDesk - Crypto Gaming Token AXS Under Pressure as $215M Unlock Looms for Axie

in blockchain •  2 years ago 

https://www.coindesk.com/markets/2022/10/20/crypto-gaming-token-axs-under-pressure-as-215m-unlock-looms-for-axie/
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Crypto gaming project Axie Infinity could face significant selling pressure as $215 million of AXS tokens are being unlocked in the next few days.

According to Aleksander Larsen, the 11 million AXS currently being staked by Sky Mavis, the company that created Axie, will be staked again in an upcoming token unlock.

This unlocking schedule is based on transaction block numbers scheduled for October 26.

Are you an AXS coin holder too? Keep up with this news!!

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