- AXS, OP, APT, APE, and IMX are set for token unlocks this October.
- Altcoin Buzz host, Marti, thinks investors should pay attention to the unlock events.
- Affected tokens’ value are likely to drop as a result of the upcoming token unlocks.
Certain cryptocurrency tokens will be involved in massive token unlocks soon, and investors need to pay attention and manage their investment in such tokens, according to Marti, a host of the Altcoin Buzz YouTube channel. Marti identified some of these crypto tokens, stating the details of their unlock programs.
Axie Infinity (AXS)
The first token identified by Marti is Axie Infinity (AXS). According to Marti, Axie Infinity’s unlock for October is 11.5% of their circulating supply, which would happen on October 20. He noted that 11.5% of AXS supply translates to 15.13 million AXS, equivalent to $68.28 million, as of the time of his presentation.
According to Marti, Axie Infinity has quarterly unlocks, two big and two small, with the small token unlocks representing staking rewards. He noted that Axie Infinity already unlocked 70% of their AXS token…
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