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

Prior to the unlock, AXS was one of the worst-performing crypto assets by dropping 24% in a week, according to Messari. Traders positioned themselves for dropping further, building up shorts – bets designed toprofit from an asset’s price fall – and funding rates tilted overwhelmingly negative on most exchanges, according to data by Coinglass.

: Crypto Game Axie's AXS Tokens Get Unlocked, Recipients Send $5.7M Worth to Exchanges

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(1) The savings vaults offered by Vancelian are not regulated savings accounts as understood in traditional finance. They are based on digital assets and are subject to a specific regulatory framework, distinct from traditional banking products.

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