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Over 4.8 million Axie Infinity tokens (AXS) are scheduled to unlock today, while the token surged 39% in 24 hours. Is this exit liquidity?

Axie Infinity's AXS crypto is surging as it has risen about 40% in the last 24 hours, achieving a 4-month high of $13.14. Let's see why it is rising!

Axie Infinity has grown by 42% in usual price revival move

Axie Infinity's AXS token continued its impressive price action, rising 42% over the last 24 hours to $136, according to CryptoSlate data.

The play-to-earn (P2E) game based on non-fungible tokens (NFTs), Axie Infinity, has seen a massive drop in average monthly players since Jan. 2022.

The 2022 Token Unlocks annual report estimated that tokens worth $102 billion would be unlocked in 2023. This week Axie Infinity will release over $63 million of its tokens.

Some 4.8 million AXS tokens, the equivalent of 1.8% of the cryptocurrency's total supply, will be freed up later Monday.

Crypto Prices Today: Following the Chinese New Year, crypto prices of some significant coins have dropped. Other coins still continue to trade in green.

After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity's monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project's native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days.

Reports reveal that most popular peer-to-peer (P2P) gaming platform, Axie Infinity, has posted a 59% surge in unique active wallets (UAWs).

The crypto gaming sector, which includes Axie Infinity [AXS], rarely enjoyed a stellar performance during the 2022 market purge. But since the start of 2023, AXS seemed to have reversed the trend it displayed for most of 2022.

My neighbor Alice vs Axie infinity. Both games are deserving competitors for players' love and attention due to their distinctive features and gameplay.

The metaverse was hot again this week, but that surge in enthusiasm may not last.

The year 2022 was a hard pill to swallow for Axie Infinity [AXS] holders due to the 89.74% drawdown of its value in the last 365 days.

Metaverse tokens: Many in the computer industry believe that the metaverse is a vision of the internet's future evolution. Humans can experience life in this single, shared, immersive, persistent, 3D virtual environment in ways that are impossible in the real world.

The Chicago Mercantile Exchange (CME) announced the launch of reference rates for Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) on Jan.30.

The move to provide the three new metaverse reference rates comes off as a unique contribution by the CME Group and CF Benchmarks to help with the evolution of the Web 3.0 ecosystem.

Axie Infinity (AXS) is seeing bullish growth, but is the gaming protocol still relevant among players?

Three cryptocurrencies that suffered greatly from the market downturn

Cryptocurrency tokens to watch: There will be six tokens unlocked between January 16 and January 27. As per the data citing information from Token Unlocks, the total amount of crypto to be unlocked is worth over $ 168 million.

In the last 24 hours, the prices of metaverse tokens such as ApeCoin (APE) and Axie Infinity (AXS) have risen by around 6%. According to Coinmarketcap, APE is up 6% to $3.86, Axie Infinity's AXS rose 6.74% to $6.40, while The Sandbox's SAND rose 4.8% to around $0.40.

There's no doubt that 2022 was a tough year for crypto. It might have started with the hangover of 2021's bull market but was engulfed by Terra's crash and the collapse of FTX.

Metaverse and gaming tokens have started the New Year on a high note, while games giant Square Enix has doubled down on blockchain.

The narratives have shifted for these cryptocurrencies.