Axie Infinity, Optimism and Aptos are set for substantial token unlocks this month, releasing more than a combined $130 million.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroAxie Infinity will see the largest increase in the circulating supply of its AXS token at 11.5%.Learn more about Access Protocol, according to TokenUnlocks. Axie Infinity will release 15.1 million AXS tokens on Oct. 20 — 11.5% of its circulating supply, worth approximately $71.8 million.
Following the release of 3.4 million AXS tokens at its last unlock in July, the price of AXS fell nearly 10% from $6.54 to $5.94 within a few days, according to CoinGecko. The token is currently trading at $4.73, down 22% in 2023 amid aRepresenting 3% of circulating supply, the unlock is currently worth $35.3 million. Some $18.6 million will go to core contributors, with $16.7 million set aside for investors.
on Oct. 12 — equivalent to 1.91% of its circulating supply and worth around $26 million. Approximately $18.4 million will go to the community, with $7.6 million allocated to the Aptos Foundation, according to TokenUnlocks data.
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