REVIEW: $AXS – Axie Infinity – SkyMavisHQ
$AXS vesting is coming with 21.5M $AXS unlocked in the next few days, on Oct. 25. That is worth $215M, also 20% current circulating supply.
So where is the price heading to?
Historically, $AXS price plunged when a large number of $AXS were unlocked (~21M $AXS), as seen below:
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Oct. 30, 2021: fell by 60%.
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Apr. 29, 2022: fell by 50% before sideway.
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Early investors’ ROI is currently ~10.000% – 12.500% ($AXS private and IEO price were $0.08 and $0.1).
What did they do in the last vesting on April 29?
Funds and early investors are likely to sell $AXS during this stage.
So, personally, we do not recommend buying $AXS for short-term target (3 – 6 months).
Despite all that, SkyMavisHQ’s wallet staked all its $AXS received.
Above are our observation and prediction of $AXS Axie Infinity price in the next few days.
What do you think about the upcoming vesting?
