Axie Infinity's Token Unlock Triggers Sell-Off Among Long-Term Holders, Could Impact Price

07/25 17:20

The price of Axie Infinity's (AXS) has decreased by 8% to $6 after the latest token unlock event, which has led to a sell-off among long-term holders who received the tokens as staking rewards. The Age Consumed metric has increased by 250% since the event, indicating a bearish signal.
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DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

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