A mass unlocking of Axie Infinity tokens is ahead. What will happen to the price of AXS?

Data on Axie Infinity (AXS). Source: CoinMarketCap

Tokens will be distributed as follows:

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Team (40%): AXS 6.08 million ($25.91 million)

Consultants (3.66%): 554,750 AXS ($2.36 million).

Player Rewards (22%): AXS 3.38 million ($14.38 million).

Ecosystem Fund (11%): AXS 1.69 million ($7.19 million).

Staking rewards (23%): AXS 3.43 million ($14.59 million).

The Axie Infinity token (AXS) will be unlocked on October 20th. Source: token.unlocks.app

It is important to note that on the evening of October 14, the order book for the highest volume pair AXS/USDT on Binance had approximately 163,266 orders to buy AXS at prices ranging from $4.2 to $2.5 per Axie Infinity token.

This means that if only 1% of the unlocked amount on October 20 is sold in a single order on Binance for USDT, the order book will be destroyed, causing the price of AXS to reach $2.5. Of course, this is an unlikely scenario, which only emphasizes the significance of the upcoming event.