Update on $AXS
Axie Infinity, a leading blockchain-based trading and battling game, is partially owned and operated by its players. The game recently gained traction with a 12% price surge after being listed on the Apple App Store, which expanded its accessibility to a broader audience.
Currently, Axie Infinity is preparing for a significant token unlock event, releasing about $175 million worth of AXS tokens. This unlock includes 10 million tokens primarily held by insiders and early investors, which may lead to short-term price volatility.
Despite this, $AXS has experienced a notable correction, making it a promising token for long-term investment as it's currently at the support range.
