AXS price movement after release of batch of tokens to early investors and insiders

Axie Infinity began releasing previously restricted AXS tokens to early investors and insiders as a part of a $200 million unlocking event. Axie Infinity (AXS/USD) is one of the most popular play-to-earn (P2E) crypto games. The game features its own cryptocurrency, known as AXS, that is listed across exchanges.