AXS Crypto Gaming Token Surges 40% Ahead of $64M Token Unlock

Some observers have long argued that the impact of the unlocks accentuates the prevailing market trend. “Large token unlocks are a complex event that interfaces with market psychology. Simply put, large token unlocks can be bullish catalysts in bulls and bearish catalysts in bears. They free up liquidity to continue the mainstream,” Chris Burniske, co-founder of Placeholder, a New York-based crypto-focused venture capital firm, tweeted in April 2021, explaining the bullish reactions to token unlocks that took place in early 2021.

Leave a Reply

Your email address will not be published.