It looks like $AXL coin unlocks are happening daily, releasing a significant amount of tokens into the market. This continuous release of 846.13K AXL daily, which represents 0.07% of the total supply each time, is likely to put consistent selling pressure on the market. Given this steady stream of unlocked tokens, the overall sentiment for AXL could be quite bearish, leading to a potential dump in price as more coins get liquidated daily. The constant inflow of tokens might make it difficult for the market to absorb, driving the price down further.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.