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Crypto Game Axie's AXS Tokens Get Unlocked, Recipients Send $5.7M Worth to Exchanges

Axie Infinity released the first batch of 10 million previously restricted tokens to early investors and insiders, blockchain data shows. Crypto asset management firm Arca already deposited freshly-claimed AXS tokens to the FTX exchange – a move that sometimes indicates an inclination to dump.

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