Home Cryptocurrency Crypto Gaming Token AXS Soars 40% Ahead of $64M Token Unlock

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

by SuperiorInvest

Some observers have long argued that the impact of unblocking highlights a prevailing trend in the market. “A large token unlock is a complex event that meshes with market psychology. Simply put, large unlocks can be bullish catalysts for bulls and bearish catalysts for bears. They unlock liquidity to continue the prevailing trend,” Chris Burniske, co-founder of Placeholder based in New York focused on cryptocurrencies he tweeted in April 2021, which explains the bullish reaction to token unlocks that occurred in early 2021.

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