Play-to-Earn Project Axie Infinity’s AXS Price Declines as $156M Token Unlock Looms

Still, unlocks don’t always lead to lower prices, and in the past AXS has rallied in the leadup to the unlocking event. Besides, the broader crypto market has faced selling pressure this week, with top cryptocurrencies bitcoin (BTC) and ether (ETH) losing 8% and 10%, respectively. Most play-to-earn and gaming tokens are down between 5% and 10%.