Early investor in Axie Infinity, Arca, has transferred unlocked AXS tokens to FTX, indicating a potential sell-off
ChainCatcher news, according to CoinDesk, Axie Infinity has released the first batch of 10 million locked AXS Tokens to early investors and insiders. The crypto asset management company Arca has transferred the unlocked AXS Tokens to FTX, a move that may indicate a tendency to sell.
In addition, on-chain information shows that a wallet labeled "Axie Infinity: Token Vesting" has transferred approximately 785,334 AXS tokens (worth about $6.6 million) to 6 recipients, with a total of 21.5 million AXS (worth about $200 million) expected to be unlocked in the coming days. (CoinDesk)
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
