Crypto Game Axie's AXS Tokens Get Unlocked, Recipients Send $5.7M

Axie Infinity, the play-to-earn crypto game started releasing previously restricted AXS tokens as part of a massive $200 million unlocking event

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Axie Infinity released the first batch of 10 million previously restricted tokens to early investors and insiders.

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Crypto traders have been monitoring the timing of the token vesting period

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Once the vesting period expires – and the tokens become unlocked – all's fair game.

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Blockchain data shows that a wallet tagged as “Axie Infinity: Token Vesting” transferred some 785,334 AXS tokens ($6.6 million worth) to six recipients.

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Some 21.5 million AXS (worth $200 million) are about to be released in the upcoming day.

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Crypto asset management firm Arca already deposited freshly-claimed AXS tokens to the FTX exchange

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Another early investor claimed $1.7 million in AXS (187,500 tokens) will soon moved the tokens to crypto exchange Binance.

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