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

Some 10 million of Axie’s AXS tokens owned by insiders and early investors will be unlocked soon, creating selling pressure. AXS price has dropped following prior unlocking.

Axies from the play-to-earn game Axie Infinity. (Axie Infinity)
Axies from the play-to-earn game Axie Infinity. (Axie Infinity)