$185 Million Worth Of AXS Tokens Set To Be Unlocked, Time To Get Out Of Axie ...
Axie Infinity (AXS) is the leading play-to-earn ecosystem in the crypto space and has continued to maintain this title since its release. Its native cryptocurrency, AXS, has seen its price take a hit in the market since the bear market began alongside other digital assets in the space. However, it seems that the decline in the price of AXS is not at its end as more tokens are set to be released into circulation on Monday, 24 October. 21.5 Million Tokens Are Coming Just like a lot of other projects in the crypto space, Axie Infinity (AXS) also uses a vesting schedule where tokens are....
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The XRP price has already been under pressure for the past month, as the future outlook of Ripple is still set to be determined in the near future. Although XRP has moved up with the rest of the crypto market over the past few days of green, there is still uncertainty about the next bull run. However, this little price movement could be brief, as the number of XRP tokens in circulation just increased by 1 billion XRP, around 1.87% of the circulating supply of 53.312 billion tokens. Related Reading: CRV Price Surges 16% – What’s The Next Move For Curve DAO Token? Potential Impact On XRP....
In a sudden turn of events for what is usually expected to be a bullish month for the crypto industry, a series of token unlocks set to take place this month is now threatening this bullish momentum. With around $200 million in various altcoins expected to flood the open market, the current market rally may end up being short-lived. $200 Million In Crypto Being Unlocked Token tracking website Token Unlocks has revealed that around $200 million in various cryptocurrencies are being unlocked at various intervals through the course of this year. The tokens being unlocked range from SUI to....
The Optimism native token OP is now in the line of fire with millions of tokens set to be released into circulation. This threatens the altcoin’s price which is already on a downward spiral after carrying out its 3rd airdrop. Optimism Set To Unlock 24 Million Tokens In the latest iteration of its token unlock events, the Optimism network is looking at over 24 million tokens being unlocked and brought into circulation. On-chain token tracking website Token Unlocks reports that the 24.16 million token is worth approximately $30.7 million at current prices. Related Reading: Market Analysts....
Axie Infinity players can stake their AXS tokens with rewards to follow up soon. Axie Infinity, a play-to-earn NFT game based on the Ethereum blockchain, announced the launch of the staking program for its native token, Axie Infinity Shards or AXS. AXS holders can start staking their tokens while the rewards will be activated in 24 hours to ensure all time zones could stake beforehand, according to a Sept. 30 announcement. “Staking is a way for us to reward our community members for having a long-term mindset and locking up their AXS tokens,” the Axie Infinity team said as part of the....
Solana (SOL) has been one of the tokens hit by the FTX decline in the last few days. Given FTX’s exposure to the token and the fact that they hold a sizable position, it has suffered a massive decline in tandem with the FTT token. The token has already lost more than 50% of its value since the weekend. However, the bloodbath may not be over for SOL holders as some developments come to light. More Solana Being Unlocked Even with the market already being oversaturated with sell-offs, there is more SOL scheduled to be put into circulation. Previously the Solana Epoch 370 was scheduled to....